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Arklyz Acquires Baltimore, Usa Based Retailer - Shoe City & Associated Online Platform - Ycmc.Com

May 25, 2022•about 3 years ago

Acquiring Company

Arklyz

Acquired Company

Retailer -

Commerce And Shopping

Description

Arklyz, owner of the athletic specialty footwear and lifestyle retailer, The Athlete's Foot (TAF), today announced its acquisition of 70+-year-old highly successful Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with an online platform – www.ycmc.com.

Company Information

Company

Arklyz

About

Arklyz is a fast-growing powerhouse in the arena of sports, lifestyle, athleisure and workwear. Arklyz covers a vertically connected set of activities with a special focus on brand management, distribution, retail & e-commerce and manufacturing. Its global headquarters are located in Stans, Switzerland. For more information, please visit www.arklyz.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed