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Industry News
Equity firms buy iconic footwear brand Birkenstock
2/26/2021

Private-equity firm L Catterton and Financiere Agache, an investment firm controlled by the family of LVMH's Bernard Arnault, have acquired a majority interest in German footwear brand Birkenstock. The indirect connection to luxury conglomerate LVMH could provide Birkenstock with new growth opportunities, industry watchers say.

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