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Article: Birkenstock USA Celebrates Becoming 100 Percent Employee Owned.
- Article from:
- Business Wire
- Article date:
- October 29, 2002
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Copyright informationCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NOVATO, Calif.--(BUSINESS WIRE)--Oct. 29, 2002
Birkenstock Footprint Sandals Inc., the importer and distributor of Birkenstock footwear from Germany, today announced that the company is now 100 percent owned by its employees. In a celebration earlier this week, Birkenstock USA's founder, Margot Fraser, passed on the remaining shares of the business she founded more than 35 years ago, along with her vision and legacy, to her successors.
"Birkenstock has always been a special company that focuses on its employees," said Fraser. "I wanted to make sure the future of the business was modeled after the past, keeping our core values ...
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