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How LVMH Chief Bernard Arnault Got Nearly $100 Billion Richer Over The Past Year

The richest person in Europe closed several landmark deals and saw his net worth skyrocket past the $150 billion mark thanks to the rising stock price of his luxury empire LVMH.

Norway , China , Germany , Paris , France-general , France , Amsterdam , Noord-holland , Netherlands , French , German , Norwegian

How Birkenstock snubbed one of Germany's savviest dealmakers

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As Christmas eve approached last year, Germany’s savviest dealmaker thought he’d pocketed a special gift.
In the early hours of December 24, Alexander Dibelius struck a gentleman’s agreement with Oliver Reichert, the chief executive of Birkenstock. CVC Capital Partners, the buyout firm where Mr Dibelius is a managing partner, was set to buy the iconic German sandal-maker for more than €3.5 billion ($4.2bn).
For CVC, Birkenstock had all the ingredients of a promising investment: a brand that resonates with its eco-warrior credentials and rich heritage, coupled with the allure of untapped growth in markets like Asia. After several years, CVC would pump up Birkenstock, go global and then move on. Mr Dibelius, 61, stood to make the deal his crowning buyout.

Germany , United-states , Paris , France-general , France , Munich , Bayern , California , Kitzbuhel , Tirol , Austria , Poland

How L Catterton Really Won Birkenstock

How L Catterton Really Won Birkenstock
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

Germany , United-states , Paris , France-general , France , Munich , Bayern , California , Kitzbuhel , Tirol , Austria , Poland

How Birkenstock's Hippie-Sandal CEO Jilted an Ex-Goldman Star

As Christmas Eve approached last year, Germany’s savviest dealmaker thought he’d pocketed a special gift.

Germany , New-york , United-states , Paris , France-general , France , Munich , Bayern , California , Kitzbuhel , Tirol , Austria