All L Catterton articles
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Article
Tod’s shareholder calls for higher bid price to delist company
Tabor Asset Management, a US investment company that has a 1.1 percent in Tod’s, is urging shareholders to reject a public tender to delist the Italian fashion group on the grounds that it does not fully value the company. On March 22, the Italian stock market regulator Consob approved the ...
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News briefs
Italian regulator clears bid to delist Tod’s
The Italian stock market regulator Consob has approved the prospectus for the offer on Tod’s launched by the investment vehicle of L Catteron, a private equity firm backed by the French luxury goods group LVMH. The bid is for 9,255,498 ordinary shares, representing 27.968 percent of the share capital of ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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Article
New delisting attempt for Tod’s
After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful. Under the current offer, Crown Bidco, a company controlled by L Catterton, a private equity ...
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Article
Birkenstock pays down its debt
Birkenstock Holding PLC, the Jersey -registered and New York Stock Exchange listed company that controls Birkenstock, made early repayments on loans issued for the acquisition of the German sandal maker by the U.S. private equity L Catterton in April 2021. It used the net proceeds from its initial public offering ...
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News briefs
Birkenstock disappoints on market debut
Birkenstock’s share price fell by 12.61 percent to $40.20 on Oct.11, its first trading day on the New York Stock Exchange, representing a market capitalization just above $7.5 billion. The sandal maker had priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price was ...
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News briefs
Birkenstock prices its IPO at $46 a share
Birkenstock has priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price is just slightly below the midpoint of the $44.00 to $49.00 price range previously announced by the sandal maker. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in ...
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Article
Birkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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Article
Birkenstock’s 9-month sales up 21%
Birkenstock’s sales in the nine-month period ended June 30, 2023, rose by 21 percent to €1,117 million as the number of units sold grew by 5 percent and the average selling price increased by 15 percent. Direct-to-consumer penetration grew to 37 percent of revenues over the period from 34 percent ...
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Article
Birkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
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News briefs
Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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News briefs
Etro sees sales at €500m in 5 years
Etro aims to have annual sales of about €500 million in five years’ time compared with an estimated in €270 million in 2022, according to Fabrizio Cardinali, the CEO of the Italian fashion house. This year, sales are expected to rise 20 percent. Cardinali said that the company is targeting ...
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Article
Zegna to go public and L Catterton takes over Etro
The Italian fashion group Ermenegildo Zegna will go public and list on the New York Stock Exchange later this year through a merger with Investindustrial Acquisition Corp ( IIAC ), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, a fund managed by the private ...
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News briefs
L Catterton completes the takeover of Birkenstock
The U.S. private equity L Catterton has completed the acquisition of the German footwear company Birkenstock after the deal was approved by the European Commission . The commission concluded that the acquisition ”would raise no competition concerns, given the companies’ moderate combined market positions resulting from the proposed transaction.” ...
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News briefs
Birkenstock to invest an extra €1.8m in its components site
Birkenstock is investing an additional €1.8 million in the modernization of its German site in Bernstadt which employs about 800 people and produces uppers and buckles for the sandal maker. It indicated the funds will be used for the renovation of social areas as well as the creation ...
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Article
Birkenstock hikes investments, scales up production in Germany
The German footwear brand Birkenstock is stepping up investments and expanding its production capacity as global demand continues to grow despite the coronavirus pandemic. As production runs at near full capacity, the company plans to expand its site in Görlitz, in the Saxony region, its largest production site ...
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Article
Australian billionaire buys R.M. Williams
An Australian billionaire, Andrew Forrest , has bought R.M. Williams , the producer of an iconic Australian outback boot, from L Catterton , a private-equity company backed by LVMH , and some minority shareholders including the Australian actor Hugh Jackman . No financial details were disclosed but the Australian ...