L Catterton
LVMH-backed PE firm and the largest consumer-focused PE firm globally. Acquired Birkenstock in 2021 before taking it public in 2023
Brands Owned by L Catterton (2)
Birkenstock
Apparel & Fashion · 10 locations
Iconic German sandal maker acquired by L Catterton (LVMH's PE arm) in 2021. Taken public in October 2023. Consumers report declining quality — thinner cork, cheaper materials, and reduced quality control — while prices have risen significantly under PE ownership.
L.A.B. Golf
Sporting Goods · 5 locations
Premium putter brand built around Lie Angle Balance (L.A.B.) technology — a physics-based design that eliminates torque at impact. Founded in Lincoln, Nebraska by Sam Hahn. Acquired by L Catterton (LVMH's PE arm) in November 2024. L Catterton's typical playbook — applied to Birkenstock and other premium consumer brands — involves international expansion and brand repositioning toward higher price points.