Birkenstock for sale

According to media like Reuters and Handelsblatt, Birkenstock is for sale.

CVC Capital, formerly Citigroup Venture Capital is named as a potential buyer. CVC invested already in Breitling and Samsonite, Formula 1 and Douglas.

Supposedly, L Catterton is interested too now. It is a cooperation of LVMH, the family holding Arnault, and Catterton, which invested among others in Pepe Jeans and Peleton.

Birkenstock aims for a valuation of 4-4.5B Euros, approximately six times annual sales.

The brand has been licensed too.