Iconic footwear imprint has been sold to L Cattterton, a private equity firm backed by Bernard Arnault and LVMH. Reports put the price tag of the acquisition at around €4 billion EUR (approximately $4.8 billion USD). Christian and Alex Birkenstock will retain a minority stake in the organization. In speaking of the deal, Birkenstock Chief Executive Oliver Reichert described L Catterton and Financière Agache as “not just shareholders, but also partners for achieving our global growth ambitions. They have a great deal of knowhow and excellent access to international markets.”
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