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LVMH-Backed L Catterton Nears Deal to Acquire Birkenstock

  • Iconic German sandal maker drew bids from L Catterton, CVC
  • Deal could value Birkenstock at about 4 billion euros
Birkenstock sandals

Birkenstock sandals

Photographer: Liesa Johannssen-Koppitz/Bloomberg
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L Catterton, the private equity firm backed by luxury French fashion house LVMH, is nearing an agreement to acquire iconic German sandal maker Birkenstock, people with knowledge of the matter said.

The investment firm and the family behind Birkenstock could announce a deal in the next week, the people said, asking not to be identified because the information is private. The transaction could value Birkenstock at about 4 billion euros ($4.9 billion), they said.