×
73
Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Garment Technician (Woven)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Garment Technician
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Product Manager (Intimate)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Marketing Executive / Marketing Supervisor / Assistant Marketing Manager
Permanent · CLEARWATER
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · TIJUANA
SHISEIDO
Senior Officer - Business Planning, Nars And Bare Minerals
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Global Product Compliance Specialist
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Woven (Station in Cambodia)
Permanent · CLEARWATER
SHISEIDO
Senior Business Analyst - Project Management, Information And Technology Transformation
Permanent · Hong Kong
SHISEIDO
Retail Sales Manager, Clé de Peau Beauté
Permanent · Hong Kong
PUMA
Manager, Operations
Permanent · Hong Kong
RALPH LAUREN
Assistant Operations Manager (Citygate)
Permanent · Tung Chung
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior E-Ecommerce Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Manager (Ladies’ Woven Fabric)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Quality Manager
Permanent · CLEARWATER
NIKE
gc - Partners Gtm Supervisor hk
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandiser (Woven Mainly)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandiser/Senior Merchandiser – Beauty Accessories & Fashion Accessories
Permanent · TIJUANA
SHISEIDO
Senior Officer - Retail Operations, Cosmetics & Personal Care Division
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Merchandiser/ Junior Merchandiser
Permanent · CLEARWATER
Translated by
Isabelle Crossley
Published
Jul 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Intersport International sells sneaker business The Athlete’s Foot

Translated by
Isabelle Crossley
Published
Jul 5, 2021

Intersport International is parting ways with The Athlete’s Foot. The brand, which specialises in retailing sneakers and was launched in the US in 1971 and acquired by Swiss-based business Intersport in 2012, has now joined Arklyz Group. All of The Athlete’s Foot’s trademarks and franchise agreements have been taken over by Arklyz Group. The value of the transaction has not been disclosed and it is expected to be finalised by the end of July. 


The Athelte's Foot


Led by Param Singh, Arklyz Group, also based in Switzerland, owns the company Intersocks, which produces 25 million pairs of socks for over 150 clients around the world. The group is also the licensee for brands including Salomon and Head and holds wholesale distribution licenses for brands Hunter, Spenco, and Crocs, a brand which it also operates as a franchise with a network of around 30 stores. 
 
The two parties in the deal were already partners. “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,” said Intersport International’s CEO Steve Evers in a press release. The objective of this sale is to “further strengthen its core business to focus on sports performance retail.”

Arklyz is now taking over a fleet of 564 The Athlete’s Foot stores in 32 countries, including five stores located in France, according to its website. However, according to daily news service Ouest France, which reported the closure of The Athlete’s Foot store in Cholet, France at the end of 2020, it was the business’ French stores which had borne the brunt of store closures. This was particularly due to the fact that Nike, which made up 45% of total sales in the Cholet store, decided to cease retailing through the group’s network. 
 
The Athlete’s Foot has been hard-hit by the coronavirus crisis and saw its sales drop by 9% last year to around €330 million ($400 million). On the other hand, the brand has managed to regain momentum at the beginning of this year and has reported retail growth of 47% during the first five months of 2021 compared to the same time period a year ago. This also represents 14% growth compared to the same time period in 2019. 
 
In 2020, Intersport International reported overall sales for all of its businesses combined (5,186 stores) totalling €10.6 billion, representing a 13.8% decreased compared to 2019. This represents a drop of 9% on a comparable basis. 
 
 
 

Copyright © 2021 FashionNetwork.com All rights reserved.