Birkenstock Group B V & Co KG coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
No business like shoe business as LVMH buy into Birkenstock rfi.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfi.fr Daily Mail and Mail on Sunday newspapers.
Feb 26, 2021
File photo courtesy of Birkenstock
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Editor’s note
: Terms of the sale were not disclosed. Bloomberg News reported that the purchase valued the company at 4 billion euros ($4.9 billion).
PRESS RELEASE
LINZ AM RHEIN, February 26, 2021. Global lifestyle brand BIRKENSTOCK has reached an agreement to sell a majority stake in BIRKENSTOCK Group to L Catterton, the largest global consumer-focused private equity firm, and its affiliates including Financière Agache, the family investment company of Bernard Arnault. Details of the agreement and the acquisition price are not disclosed due to confidentiality agreements between all parties. The transaction is subject to the usual antitrust audits.