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LVMH subsidiary buys majority stake in Birkenstock

A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...

Feb. 26, 2021