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Footwear February 27, 2021
By Snobette
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Footwear

Birkenstock Sells Majority Stake To LVMH-Affiliated Investment Firms

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February 27, 2021. Leave a Comment

German comfort footwear brand Birkenstock is selling a majority stake to the American-French private equity firm L Catterton and Financière Agache, a holding company controlled by Bernard Arnault‘s Groupe Arnault.

Commenting on the deal, Arnault stated, “We truly appreciate brands with this long heritage. Together we will provide support to the business so it can fully realize its significant growth potential.”

While pricing of the transaction wasn’t provided, WWD reported in early February that the company was negotiating a deal with L Catterton valued at approximately four billion euros.

L Catterton is a spending mood as of late having recently invested $115 million in Savage X Fenty as part of a Series B round of fundraising.

Birkenstock was founded in 1774 by Johann Adam Birkenstock and stayed in the family until the sale to the investment firms by the brand’s owners Christian and Alex Birkenstock .

The Birkenstock brothers who continue to own a minority share, will stay on with the company.

Footwear News Savage X Fenty Bernard Arnault Birkenstock

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A first look at the highly anticipated Nike x Jacq A first look at the highly anticipated Nike x Jacquemus women's collection.

Inspired by designer Simon Porte Jacquemus own collection of vintage #NikeACG sneakers, the 15-piece collection will include apparel, accessories and sneakers.

Look for the capsule to drop on June 28th on jacquemus.com.

📸Pablo Di Prima

#nikexjacquemus #jacquemus
Stunning #DojaCat in a #Schiaparelli gown accesori Stunning #DojaCat in a #Schiaparelli gown accesorized with #Bijules rings. She was styled by Brett Alan Nelson for the Billboard Music Awards.

Doja Cat was awarded Billboard's top r&b artist.

📸@Jpwphoto
In the Snobette universe, style is meant to be exp In the Snobette universe, style is meant to be expressed freely with no rules.We even believe it's perfectly okay to mix atheletic brands. Nike apparel and Adidas shoes are okay! #Isaidwhatisaid don't @ us 😆.

Digital magazine "Pure Wow" tried to create rules on how to wear sneakers.

What do you all think?
Disney+ has debuted "Sneakerella," a sneaker-theme Disney+ has debuted "Sneakerella," a sneaker-themed remake of Cinderall, directed by Elizabeth Allen Rosenbaum. 

The plot is centered on a boy named El (Chosen Jacobs) who works in his deceased mother's sneaker store, Laces. Lordered over by his evil stepfather and stepbrothers, with help from a fairy stepfather he manages to attend a fundraiser wearing a pair of kicks he designed. At the gala, has a chance meeting with Kira King (Lexi Underwood), the daughter of basketball star and sneaker tycoon Darius King. With time running out on the magic spell, he leaves behind one of his sneakers.

Kinda cute!
Miaou by Paloma Elsesser, sooo many cute pieces: $ Miaou by Paloma Elsesser, sooo many cute pieces: $98-$325, sizes XS-4XL
Designer #HeronPreston provided the background for Designer #HeronPreston provided the background for his latest collab with #Bape unveiled earlier this month. His collaborative efforts with Bape date back to 2015.

Just last month, Preston wrote about brands relying on collaborations to remain relevant.

Do you have a favorite Bape collab?
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