Birkenstock sells majority share to LVMH

German footwear maker Birkenstock has agreed to sell a majority stake to private equity firm L Catterton, a private equity partnership that includes luxury goods group Moët Hennessy – Louis Vuitton (LVMH) and Financiere Agache, the family investment company of LVMH CEO Bernard Arnault. Details of the agreement were not disclosed due to confidentiality agreements. The company said in a news release that the new partnership will help Birkenstock increase its production, logistics and sales operations.…