Share Sale: Birkenstock Major Shareholder L Catterton Separates From Share Package
4 Articles
4 Articles
L Catterton uses the price jump for a billion-dollar stock sale. Birkenstock wants to buy back some of the papers himself.
Major shareholder L Catterton uses Birkenstock's strong quarterly figures and sells 1 billion US dollars worth of shares, making the investor a minority shareholder. Birkenstock's major shareholder L Catterton has used the recent rise in Birkenstock's share price to repel an extensive stock package. The holding company, behind the French billionaire Bernard Arnault and the luxury luxury company LVMH, sold 25.52 million shares of the German shoe …
The private equity firm L Catterton is further reducing its stake in Birkenstock. Following the shoe manufacturer's surge in share price, the major shareholder sold more than 25 million shares – a large portion of which were acquired by Birkenstock itself.
Birkenstock's major shareholder, L Catterton, uses the leap in price to cash out. The financial investor sells shares for a billion dollars.
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