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.
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