A vertiginous Christian Louboutin stiletto, a chunky Dr. Martens boot and a wide-strapped Birkenstock sandal.
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
The 250-year-old footwear brand’s family owners are in advanced negotiations with the private equity firm and Breitling owner, according to people familiar with the matter.
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The 244-year-old sandal brand is opening its first boutique in the US and will unveil a new online store for collaborations later this year.
The designer partnered with the German footwear brand as part of its mobile pop-up series, Box, which is heading to Los Angeles in March 2018.