Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal

The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.

2/26/2021 3:30:00 PM

The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.

The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.

Birkenstock has a new owner.The German footwear company is selling a majority stake to L Catterton, the private equity firm whose shareholders include LVMH and Groupe Arnault, the family holding company of LVMH chairman Bernard Arnault. Financière Agache, the family office of Arnault, will also invest alongside the LVMH-backed private equity firm, according to a Birkenstock press release Friday.

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The financial details of the acquisition were not disclosed, although thereportedthe deal valued the footwear brand at €4 billion.The new partnership will allow the company to solidify its market position in Europe and the US, while also expanding in global markets like China and India. There are plans to expand the brand’s German production, logistics and sales operations, while investing in e-commerce expansion to bolster its direct-to-consumer business.

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