L Catterton in lead to buy Birkenstock
February 9, 2021- Share:
L Catterton has begun to pull ahead in the bidding for Birkenstock, Bloomberg reported. The German sandal maker is said to prefer the LVMH-backed PE firm's history of expanding family-backed consumer brands and its potential to help Birkenstock grow its business in Asia. L Catterton is competing with CVC Capital Partners to buy Birkenstock in a deal that could reportedly value the company at some €4 billion.
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