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Birkenstock Could Be Sold to Private Equity in $4.8 Billion Deal

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Birkenstock is reportedly exploring a deal that would value the footwear brand at more than 4 billion euros ($4.85 billion), according to reports from Bloomberg and The Financial Times. Private equity firm CVC Capital is in “advanced negotiations” with the family owners of the nearly 250-year-old German brand, Bloomberg reported. Yet while the talks with…

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