Birkenstock owner considers stock market listing
The owner of Birkenstock is considering launching an Initital Public Offer (IPO) which would see the footwear company placed on the stock market.
The move, which could take place as soon as September, could see Birkenstock valued at over $8bn (£6.26bn), sources told Bloomberg.
Birkenstock’s owner private equity company L Catterton bought a majority stake in the brand for an undisclosed sum in 2021.
The group is backed by French fashion house LVMH, the operator of luxury brands such as Hennessy, Louis Vuitton, and Dior.
Earlier this month, another L Catterton-backed brand, online beauty products retailer Oddity Tech, raised over $400mn (£313m) when it was listed on the Nasdaq stock exchange.
Goldman Sachs and JPMorgan are reportedly advising on the potential listing.
Founded in 1774, Birkenstock’s footwear, including its trademark sandals, are sold in around 90 countries worldwide.