LVMH Could Take Minor Stake in Birkenstock -WWD
February 08 2021 - 6:29AM
Dow Jones News
--LVMH Moet Hennessy Louis Vuitton SE could take a direct stake
in German sandal maker Birkenstock as part of a takeover of the
company by an LVMH-linked private-investment company, fashion-trade
publication Women's Wear Daily reports, citing unnamed sources.
--Birkenstock is in exclusive talks with investment firm L
Catterton, which was formed in partnership with LVMH, according to
WWD. An eventual deal could see LVMH also take a "relatively small"
direct stake in Birkenstock, it reports.
--The French luxury-goods group didn't immediately respond to a
request for comment.
Full story: https://bit.ly/3rxfRYa
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(END) Dow Jones Newswires
February 08, 2021 06:14 ET (11:14 GMT)
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