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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.” ....

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Germany's Birkenstock selling majority stake to investors


Updated: February 26, 2021 04:40 AM
Created: February 26, 2021 04:27 AM
BERLIN (AP) - Germany s Birkenstock, known for its upmarket sandals, said Friday it is selling a majority stake to private equity firm L Catteron and affiliates including Financière Agache, the family investment company of French billionaire Bernard Arnault.
Birkenstock didn t disclose the price or further details of the agreement, citing confidentiality agreements between the Birkenstock Group and the other parties. It said the Birkenstock brothers will retain a stake and the transaction is subject to the usual antitrust audits.
Birkenstock, which dates its origins back to 1774 and manufactures its products at several sites in Germany, has about 3,000 employees. ....

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Family-owned Birkenstock selling majority stake to private equity

Family-owned Birkenstock selling majority stake to private equity
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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Germany's Birkenstock selling majority stake to investors

Germany's Birkenstock selling majority stake to investors
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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