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LVMH-backed L Catterton buys sandal maker Birkenstock

(Bloomberg)—L Catterton, the private equity firm backed by luxury French fashion house LVMH, agreed to buy iconic German sandal maker Birkenstock. LVMH is No. 8 in the Digital Commerce 360 Europe 500. The investment firm and the family behind Birkenstock announced the deal on Friday without disclosing the financial terms. Bloomberg News reported earlier this week that […]

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