• LVMH subsidiary buys majority stake in Birkenstock

    2 monthes ago - By Fashion United

    A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in
    Birkenstock, the German maker of the iconic and eponymous sandals said Friday.
    "We will get excellent market access and contacts in Asia through the new co-owners, and can push on with our growth at an accelerated pace,"
    Birkenstock chief executive Oliver Reichert told business weekly Handelsblatt.
    Read more ...