Luxury
French billionaire Bernard Arnault likes fit of Birkenstock
Birkenstock has sold a majority stake to the French group behind Louis Vuitton in a deal that values the business at almost £3.5 billion. The sandals brand has been bought by L Catterton, a private equity firm part-owned by LVMH, and Financière Agache, the family investment firm of Bernard Arnault,…
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Click here to read the full story: The Sunday Times