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Birkenstock sold to group backed by Europe s richest man

Birkenstock sold to group backed by Europe s richest man By Hanna Ziady, CNN Business Published Feb 27, 2021 1:30:35 AM enablePagination: false Photo courtesy: John MacDougall/AFP/Getty Images (CNN) German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault s LVMH. The company said in a statement on Friday that L Catterton affiliates including Arnault s family investment company, Financière Agache, will also invest in the maker of the iconic flat sandals. Arnault is Europe s richest person, with an estimated net worth of $117 billion, according to the Bloomberg Billionaires Index. In L Catterton and Financière Agache we have found not just shareholders, but also partners for achieving our global growth ambitions, said CEO Oliver Reichert, who is one of the company s first leaders to come from outside the Birkenstock family.

United kingdomKendall jennerHeidi klumAlexa chungBernard arnaultOliver reichertBloomberg billionairesAlex birkenstockFinancial timesBritish vogueGroupe arnaultஒன்றுபட்டது கிஂக்டம்கெஂடெல் ஜென்னர்அலெக்சா சுங்பெர்னார்ட் அர்னால்ட்ஆலிவர் ரீச்சர்ட்

Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal

Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
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Bernard arnaultEuromonitor internationalGroupe arnaultFinancial timesபெர்னார்ட் அர்னால்ட்குழு அர்னால்ட்நிதி முறை

LVMH s L Catterton to acquire Birkenstock

Details of the agreement and the acquisition price have not been disclosed. The footwear retailer’s owners Christian and Alex Birkenstock will keep a minority stake. “[This is] the next logical step for Birkenstock to facilitate further strong growth in future growth markets such as China and India, the company said. In Europe and America, Birkenstock will further expand its leading market position by investing in the German sites and expanding production, logistics and sales operations. At the same time the company plans to invest in the further development of its direct-to-consumer business and the expansion of its ecommerce platforms.”

United statesBernard arnaultOliver reichertBirkenstock groupAlex birkenstockGroupe arnaultஒன்றுபட்டது மாநிலங்களில்பெர்னார்ட் அர்னால்ட்ஆலிவர் ரீச்சர்ட்பிர்கென்ஸ்டாக் குழுஅலெக்ஸ் பிர்கென்ஸ்டாக்குழு அர்னால்ட்

LVMH-backed fund buys majority stake in Birkenstock

LVMH-backed fund buys majority stake in Birkenstock Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer 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 French luxury powerhouse. The family-owned German company did not disclose financial details of a deal it said would help it to grow in China and India as well as expand its online business.

Financiere agacheChristian diorBernard arnaultLouis vuittonMoet hennessyPepe jeansGroupe arnaultArmand de brignacLuxury brandEl cattertonFrench luxury brandகிறிஸ்துவர் டியார்பெர்னார்ட் அர்னால்ட்லூயிஸ் வூடந்மோவெட் மருதாணிபேபே ஜீன்ஸ்

Birkenstock has been bought by a LVMH-backed private equity fund — Quartz

Birkenstock has been bought by a LVMH-backed private equity fund — Quartz
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Markus bensbergBernard arnaultLouis vuittonOliver reichertGroupe arnaultWall street journalமார்கஸ் பென்ஸ்ஸ்பெர்க்பெர்னார்ட் அர்னால்ட்லூயிஸ் வூடந்ஆலிவர் ரீச்சர்ட்குழு அர்னால்ட்சுவர் தெரு இதழ்