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L Catterton Acquires German Sandal Maker Birkenstock Related Stories April 13, 2021 April 12, 2021 April 8, 2021 LVMH, agreed to buy iconic German sandal maker Birkenstock. The investment firm and the family behind Birkenstock announced the deal without disclosing the financial terms. Bloomberg News that the purchase would value the sandal maker at about 4 billion euros ($4.9 billion). L Catterton beat out a rival offer from buyout firm CVC Capital Partners, which was close to sealing a deal, people familiar previously said. In the end, the family owners of Birkenstock preferred L Catterton’s track record with family-backed consumer brands as well as its ability to expand in Asia.

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