Birkenstock has sold a majority stake to L Catterton, a private equity firm backed by Bernard Arnault's luxury conglomerate LVMH. According to a new report by CNN, brothers Christian and Alex Birkenstock, members of the footwear brand's founding family, will retain a minority stake.Arnault has also enlisted Financière Agache, a holding company controlled by the Arnault Group, to fund Birkenstock. "In L Catterton and Financière Agache we have found not just shareholders, but also partners for a...

Following up on the 2.0 silhouette, Balenciaga has now revealed the latest update to its family of Speed trainers. Dubbed Speed 3.0, the new sock-sneaker boasts both comfort and style.First revealed in the house's Summer 2021 collection, the footwear style arrives in form-fitting three-dimensional knit. The lightweight shoes are highlighted with a double-B logo at the ankle, Balenciaga branding at the toe and "Speed 3.0" text on the midsole. The minimal design comes with a molded sole that featu...

Long-time collaborators KITH and Nike have once again teamed up on another footwear release, this time tackling the signature Air Force 1 sneaker. Celebrating Ronnie Fieg and KITH opening a location in France, the new collab pays homage to the capital city with its "Paris" colorway.Featuring a white upper with quarter panelling sporting KITH's logo embossed, contrasted by a cream midsole, the sneaker is timeless yet has a retro feel. Lined with a navy blue velvet, and finished off with a small e...

Ahead of its official premiere, the Jean Paul Gaultier x sacai x Nike LDVaporWaffle Mix has been unveiled in a series of leaked images. The sneaker, which will make its debut at Chitose Abe's guest-designed Jean Paul Gaultier Couture collection, merges design elements of the sacai x Nike LDV Waffle and the VaporWaffle. The mid-height shoe -- set to arrive in two colorways, "Black/Black-White" and "Semi-Blue-Void White" -- is a maximalist style that features oversized stitching at the upper, a do...