shoes
German sandal maker Birkenstock has announced that 14 million of its ordinary shares are to be sold in a secondary offering by an entity affiliated with its largest backer. In the offer, set to close on 28 June this year, shares will be sold at $54 (€50) a piece - Birkenstock confirmed on Wednesday. L Catterton, a US private equity firm supported by French billionaire Bernard Arnault and luxury goods giant LVMH, is seeking to reduce its stake in Birkenstock. Its ownership will fall from 81.1% to 73.2%. Hopes for a strong demandThe sale is expected to raise $756 million (€707 million), although...
Euronews (English)
OK ladies, so you're in Japan and already inspired by the myriad of amazing fashions you see every day, and now you need new shoes. So you head out to the shops, only to end up disappointed and frustrated that the majority of the gorgeous styles on sale are not available in your size. But don't fret; there are solutions out there if you know where to look. Even as Japanese people become taller and larger on average than their ancestors, the retail scene here is very slow to catch up to the changing demographics of its consumers. The most common women’s shoe size in the United States is somewhe...
Savvy Tokyo
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