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Eversheds Sutherland advised Arklyz Group AG on the acquisition of “The Athlete's Foot” franchise business from INTERSPORT International

  • Switzerland

    17-08-2021

    Arklyz Group AG (Arklyz), the owner of Intersocks Group, is acquiring 100% of The Athlete's Foot (TAF) retail and e-commerce network from global sporting goods retailer INTERSPORT International Corporation (IIC). The increased cooperation between Arklyz and IIC should result in future synergies and beneficial development for all parties involved.

    Arklyz will take over TAF's global business, including brand rights and all franchise agreements.
    “Building on the successful partnership between IIC and Arklyz’s subsidiary, Intersocks”, states Arklyz owner & CEO, Param Singh – “we are excited with this transaction, which represents an extraordinary opportunity for both Arklyz and TAF. By taking over the TAF business, we believe, we can strengthen our position as global organization”. He further adds “Eversheds Sutherland as our trusted legal and tax advisors supported Arklyz right from beginning through due diligence to closing of the transaction”.

    The Eversheds Sutherland core team consisted of Marc Nufer (Lead), Alex Schütz, Natalie Schwager and Jasmin Vögtli (all Corporate/M&A) and René Schreiber (Tax).

    Read more here.

     

    Marc Nufer, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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