Family investment firm of French billionaire Bernard Arnault, and L Catterton agree €4bn deal
The French family behind Louis Vuitton and Christian Dior is to take control of the German sandal maker Birkenstock in a deal thought to be worth €4bn (£3.5bn).
Financière Agache, the family investment firm of Bernard Arnault, the French billionaire who controls the designer brand conglomerate LVMH, and L Catterton, a private equity firm part-owned by LVMH, has bought a majority stake in the family-owned footwear brand. The value of the deal has yet to be confirmed.
