• Birkenstock to be acquired by L Catterton

    2 monthes ago - By Fashion United

    Birkenstock is on its way to having a new owner. The shoe company is set to be acquired by LVMH-backed private equity firm L Catterton. A deal is expected to be announced potentially within the next week. The transaction could be valued at roughly 4.9 billion dollars. The news was reported by Bloomberg.
    L Catterton has been in competition with buyout firm CVC Capital Partners to acquire Birkenstock. CVC was close to closing a deal earlier this year. The family-owned Birkenstock decided that L Catterton was better suited to acquire the brand given their track record with family-backed...
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