LVMH buys Birkenstock: shoe classic becomes luxury brand
The fashion world was recently shaken up by a surprising piece of news: Birkenstock, the long-established German company known for its comfortable and timeless shoes, has filed for an initial public offering (IPO) just two years after it was acquired by L Catterton, a private equity firm backed by Louis Vuitton Moët Hennessy (LVMH). This […]
