Transaction date

July 2021

Sector

Retail / Ecommerce Franchise

Transaction type

Sale / Spin-off

Country

Switzerland / Netherlands / USA

SMC Corporate Finance exclusively advised IIC – INTERSPORT International Corporation GmbH on the sale of The Athlete’s Foot to Arklyz Group, owner of Intersocks.

Global performance sports retailer INTERSPORT International Corporation (IIC) strengthens its core business and have agreed on a deal to sell 100% of the highly successful The Athlete’s Foot (TAF) retail and ecommerce network to Arklyz Group AG (Arklyz) – owner of Intersocks. As part of the deal, IIC and Arklyz have agreed on a close cooperation which will bring synergies and a beneficial development for all parties involved.

IIC – INTERSPORT International Corp. (IIC) has decided to further strengthen its core business to focus on sports performance retail. The very successful specialty footwear and lifestyle chain “The Athletes Foot (TAF)” will be acquired by Arklyz Group AG (Arklyz), owner of Intersocks and longtime partner of Intersport, as of end of July 2021. The signing of this transaction took place on June 30, 2021 and the closing of the deal will take place by the end of July, 2021. The parties have agreed not to disclose financial details of the transaction.

Arklyz will take over the worldwide TAF business including its trademark rights and all franchise agreements. IIC’s CEO Steve Evers says: “With Arklyz, a strong operative investor was chosen among different interested parties to ensure that TAF can continue to grow rapidly and successfully. That we have worked closely with Arklyz subsidiary, Intersocks for many years has made the decision even easier and it is our goal to further strengthen this relationship.”

IIC acquired TAF in 2012 and since then it consistently and successfully expanded it to increase the turnover to USD 400 million in 2020. Today, TAF has 564 stores in 32 markets, including Europe, The United States, Mexico, Peru, Kuwait, Indonesia, Philippines, Australia and New Zealand. TAF also successfully operates ecommerce platforms in those markets – building a strong omni-channel sales network over the years.

The SMC team led by Marcel Goetsch, Managing Partner, advised the sellers in the search for a suitable strategic buyer and supported them in the complete sell-side process including strategy evaluation, business valuation, buyer identification, deal structuring, negotiating and closing of the transaction.

About IIC – INTERSPORT International Corporation
With a turnover of over EUR 10.2 billion in 2020 and more than 5‘200 specialist sports stores in 44 countries, the INTERSPORT Group is among the world’s leading sporting goods retailers.

About The Athlete’s Foot (TAF)
The Athlete’s Foot, sneaker and streetwear chain, has 564 stores and e-commerce shops in 32 countries which generated sales of USD 400 million in 2020.

About ARKLYZ – ARKLYZ Group AG
Arklyz is a fast-growing powerhouse in the arena of sports, athleisure and workwear. Arklyz covers a vertically connected set of activities with a special focus on brand management, distribution, retail & ecommerce and manufacturing.

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