February 9, 2021

L Catterton poised to acquire Birkenstock?

THE WHAT? LVMH-backed L Catterton has emerged as the preferred bidder in the race to acquire casual shoe manufacturer Birkenstock, according to a report published by Bloomberg.

THE DETAILS CVC Capital Partners is also said to be in the running to acquire the German sandal maker. A decision is expected in the next few months with Birkenstock’s owners seeking a valuation of approximately €4 billion to €4.5 billion.

THE WHY? The shoe brand’s owners are said to prefer the private equity firm’s approach to buying and growing family-owned firms, Bloomberg said, and its track record in Asia, a region it has targeted for future growth.

The post L Catterton poised to acquire Birkenstock? appeared first on Global Cosmetics News.

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