LVMH-Backed Private Equity Firm Buys Birkenstock

After news of a potential takeover emerged earlier this year, Birkenstock has found a new owner. The previously family-owned business has been bought by L Catterton, a private equity firm backed by Bernard Arnault and LVMH. The deal is believed to be worth around €4 billion EUR (approximately $4.8 billion USD) and will see owners Christian and Alex Birkenstock maintain a minority stake.L Catterton -- which was formed when LVMH and the Arnault family holding company partnered with Catterton in ...