The Athlete's Foot with strong retail sales growth
The specialty footwear and lifestyle chain delivered increasing first half-year retail sales in 2021. Change of ownership to Arklyz Group has been successfully concluded
For the first half of 2021, The Athlete's Foot (TAF) reported a strong retail sales growth of above 40%. Among the strategic growth factors is a "decisive inclusion of changed consumer requirements and behaviour since the beginning of the COVID-19 pandemic", the company believes.
In the beginning of July 2021, IIC announced its decision to further strengthen its Intersport core business in the sports performance segment and the plan to sell TAF. On the 30th of July 2021, Intersport International Corporation (IIC) and Arklyz Group AG (Arklyz) announced the successful closing of the deal to sell 100% of the global TAF business to Arklyz (owner of Intersocks). With the deal now successfully closed, Arklyz has taken over the worldwide TAF business including its trademark rights and all franchise agreements. Since TAF franchise rights are often with the respective national Intersport organizations - and will remain in place - consequently IIC and Arklyz will be in an even closer co-operation in the future.
In the beginning of July 2021, IIC announced its decision to further strengthen its Intersport core business in the sports performance segment and the plan to sell TAF. On the 30th of July 2021, Intersport International Corporation (IIC) and Arklyz Group AG (Arklyz) announced the successful closing of the deal to sell 100% of the global TAF business to Arklyz (owner of Intersocks). With the deal now successfully closed, Arklyz has taken over the worldwide TAF business including its trademark rights and all franchise agreements. Since TAF franchise rights are often with the respective national Intersport organizations - and will remain in place - consequently IIC and Arklyz will be in an even closer co-operation in the future.
"We are very pleased with the continued success at TAF and are proud to hand over the business to new owner Arklyz on this strong basis", stated IIC's CEO Steve Evers.
Image credits: www.ragtrader.com.au
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