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| Name | Symbol | Market | Type |
|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton SA (PK) | USOTC:LVMUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.56 | 2.16% | 168.50 | 168.50 | 171.00 | 170.77 | 168.15 | 170.30 | 92,526 | 21:03:11 |
From May 2019 to May 2024
By Joshua Kirby
Birkenstock and Co. has agreed to sell a majority stake to L Catterton, a private-investment firm linked to French luxury-goods conglomerate LVMH Moet Hennessy Louis Vuitton.
The German footwear maker said Friday that it reached the agreement with L Catterton and its affiliates including Financiere Agache, the holding company of the family of LVMH's founder, chief executive and controlling stakeholder, Bernard Arnault.
No financial details were disclosed regarding the stake sale, which is subject to the usual antitrust clearance, Birkenstock said.
In a statement, Mr. Arnault said Financiere Agache and L Catterton would help Birkenstock realize its growth potential. The company said following that the investment it plans to invest in its direct-to-consumer business and e-commerce expansion. Production at its sites in Germany will be expanded, it said.
Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby
(END) Dow Jones Newswires
February 26, 2021 06:08 ET (11:08 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year LVMH Moet Hennessy Louis... (PK) Chart |
1 Month LVMH Moet Hennessy Louis... (PK) Chart |
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