The L Catterton funds of the French group LVMH and Financière Agache of the Arnault family have bought a majority stake in the famous German sandal manufacturer Birkenstock, the latter's boss announced, in a transaction valued according to several media at 4 billion euros.
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"
Our new co-owners especially bring us new access to markets in Asia and the Middle East
" explains Oliver Reichert in an interview with the German business daily Handelsblatt, referring to "
opportunities
" because "
the owner of LVMH Bernard Arnault plays a key role in L Catterton's strategy
”.