Birkenstock In Talks With CVC Capital Over Potential $5 Billion Sale

Birkenstock is currently in talks with CVC Capital over a potential sale of the company. According to a new report from Bloomberg, the almost 250-year-old German footwear brand is looking to sell its company to the private equity firm for €4 billion EUR, or approximately $4.8 billion USD, including debt. CVC Capital already owns numerous high-caliber brands, including Swiss luxury watchmaker Breitling and German beauty chain Douglas. Talks are reportedly still ongoing and no final decision has been made yet, although neither CVC Capital nor Birkenstock have officially commented on the news. Read more at Hypebeast.