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German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault’s LVMH.
Birkenstock, maker of what is affectionately deemed the original ugly sandal, . German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault’s LVMH.
Birkenstock, maker of what is affectionately deemed the original ugly sandal, has a luxurious new owner. The German company has been acquired by private equity firm L Catterton, it said in an . German footwear group Birkenstock has been sold to a LVMH (MC.PA) subsidiary in a deal valuing the shoemaker at €4bn (.8bn, £3.5bn). L Catterton, a private equity firm backed by the French.
Once looked down upon by the fashion elite, German sandal maker Birkenstock now finds itself in the company of Louis Vuitton and Givenchy, as a majority stake of the brand estimated at some .87 billion has been acquired by Bernard Arnault, the man behind the luxury behemoth LVMH. Birkenstock has agreed to sell a majority stake to LVMH -backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit. In a deal thought to be worth a cool £3.5 billion, Parisian super-conglomerate LVMH announced on Friday that it had acquired the majority stake in family-owned German sandal brand Birkenstock. Once shunned by the fashion world, the iconic German sandal company will now be part of LVMH’s portfolio alongside brands such as Dior, Louis Vuitton, and Fendi. The deal values Birkenstock at over billion.
L Catterton, the private equity firm backed by Bernard Arnault’s LVMH, has agreed to buy the German footwear group Birkenstock in a deal that values the company at about €4bn. The sale will see.
Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit of the. Birkenstock filed for an initial public offering Tuesday, though it’s unclear when the German footwear company, which is owned by Louis Vuitton Moët Hennessy-backed private equity firm L. German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault’s LVMH.
Birkenstock, maker of what is affectionately deemed the original ugly sandal, has a luxurious new owner. The German company has been acquired by private equity firm L Catterton, it said in an .
German footwear group Birkenstock has been sold to a LVMH (MC.PA) subsidiary in a deal valuing the shoemaker at €4bn (.8bn, £3.5bn). L Catterton, a private equity firm backed by the French. Once looked down upon by the fashion elite, German sandal maker Birkenstock now finds itself in the company of Louis Vuitton and Givenchy, as a majority stake of the brand estimated at some .87 billion has been acquired by Bernard Arnault, the man behind the luxury behemoth LVMH. Birkenstock has agreed to sell a majority stake to LVMH -backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit. In a deal thought to be worth a cool £3.5 billion, Parisian super-conglomerate LVMH announced on Friday that it had acquired the majority stake in family-owned German sandal brand Birkenstock.
Once shunned by the fashion world, the iconic German sandal company will now be part of LVMH’s portfolio alongside brands such as Dior, Louis Vuitton, and Fendi. The deal values Birkenstock at over billion. L Catterton, the private equity firm backed by Bernard Arnault’s LVMH, has agreed to buy the German footwear group Birkenstock in a deal that values the company at about €4bn. The sale will see. Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said on Friday, in a deal that brings the maker of comfy, blocky sandals in the orbit of the.
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