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.
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