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Birkenstock is in advanced takeover negotiations with investment group CVC Capital. For 4 billion euros, the 250-year-old sandal brand may become a sister of luxury watch brand Breitling.
23.8 million pairs of shoes Comfortable clothing is at an all-time high owing to the coronavirus, and Birkenstock is also benefiting from this. While Crocs recorded a record year in 2020 and Dr. Martens decided to go public, the German sandal brand has attracted private equity player CVC Capital s interest. Both parties would be in well-advanced talks about a takeover, reports Bloomberg.
CVC is willing to put more than 4 billion euros on the table for Birkenstock, including debts. However, there is no certainty yet about the deal going through. The talks have not yet been confirmed formally by the parties involved. Birkenstock sold 23.8 million pairs of shoes in the financial year ending September 2019, accounting for an 11 per cent increase in sales to 721.5 millio ....
Les sandales Birkenstock convoitées par le fonds CVC fashionnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fashionnetwork.com Daily Mail and Mail on Sunday newspapers.
L'entreprise familiale Birkenstock convoitée par un fonds d'investissement - News weekend.levif.be - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weekend.levif.be Daily Mail and Mail on Sunday newspapers.
Birkenstock in talks for S$6.4b sale to CVC Capital businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.