Business
LVMH subsidiary buys majority stake in Birkenstock
A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...
26 Feb 2021
People
Outdoor Voices taps Urban Outfitters president as new CEO
US activewear brand Outdoor Voices has tapped Urban Outfitters president Gabrielle Conforti as its new CEO. In her new position, Conforti is tasked with building on the company's current momentum, having recently become profitable, as well as focusing on creating "exciting new products for customers, doubling down on the brand's Recreationalist...
26 Feb 2021