L Catterton cashes out of Birkenstock, making $756 million from the sale of a 7.9% stake (done in part through a group of employees). The stock market has not taken the move very well: the German sandals’ stock has lost 11% in the past 5 days (but it is also true that it had risen…
L Catterton makes cash with Birkenstock, but it’s not a divestment
![L Catterton makes cash with Birkenstock, but it’s not a divestment](https://ehj4gaypy53.exactdn.com/wp-content/uploads/2024/06/birkenstock-sandali-885x413.jpg?strip=all&lossy=1&sharp=1&ssl=1)