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
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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.
AMSTERDAM (dpa-AFX) - Dutch retail sales declined for the second straight month in January, data published by the Central Bureau of Statistics showed Friday.Retail turnover declined 5.9 percent
WINNIPEG Manitoba New Democrats will meet this weekend and may debate everything from hiking the minimum wage to stopping pipelines to running nicer election ads. The official Opposition party is to hear from delegates online at a policy convention Saturday. Among the resolutions being put forward by local constituency groups is one that calls for increasing the minimum wage to a level that could exceed $15 an hour. Another resolution calls on the party to push the federal and provincial governments to oppose any new pipelines, fracking or extraction projects. And another calls on the party to avoid negative personal attacks in election campaigns.