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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. 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 .
Market watchers have suggested that Birkenstock may develop the same way German luggage brand Rimowa has since LVMH bought a majority stake from that family .
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 .1 March 2021. 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 .
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 .Mar 2, 2021 Germany. The Germany-based lifestyle brand has reached an agreement to sell a majority stake in Birkenstock Group to L Catterton, the private equity firm, and its affiliates .
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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 .
Birkenstock and Co. said Friday that it has agreed to sell a majority stake to L Catterton, a private-investment firm linked to French luxury-goods conglomerate LVMH Moet . That places Birkenstock in the Arnault family portfolio alongside LVMH Moët Hennessy Louis Vuitton SE, the globe-spanning luxury conglomerate that Mr. Arnault controls.
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Families can enjoy the film festival ‘Mon premier festival’ during the Autumn school break, or head to the Sand Fabrik de Pantin for some indoor beach activities like beach volleyball.In local news, the Café "Maxime Frédéric at Louis Vuitton" has unveiled a new savory menu, and Birkenstock has launched its Care Essentials range at Merci .
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