LVMH-Arnault Funds Buy Birkenstock Majority: German Group's CEO
Fahad Shabbir (@FahadShabbir) Published February 26, 2021 | 02:40 PM
Berlin, (UrduPoint / Pakistan Point News - 26th Feb, 2021 ) :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.
"We will get excellent market access and contacts in Asia through the new co-owners, and can push on with our growth at an accelerated pace," Birkenstock chief executive Oliver Reichert told business weekly Handelsblatt.
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