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Birkenstock invests 110 million euros in new shoe factory

Natural footwear company Birkenstock has entered the third phase of its new shoe factory in Pasewalk, Northeast Germany. Building began last spring and should finish by Q4 2023. The investment cost to build the factory is thought to have soared to 110 million euros. The German brand is part owned by LVMH investment vehicle L Catterton. Last year...

6 Sept 2022