Birkenstock, the Germany-based footwear company is reportedly eying an IPO, the second this year from private equity owners L Catterton.
According to reports, sources with knowledge of the situation said that the IPO might take place as early as September, with the business valued between $8 and $10 billion.
L Catterton, the owner of Birkenstock, has the support of LVMH, the titan of French fashion. According to the sources, the private equity group is collaborating on the IPO alongside JPMorgan Chase and Goldman Sachs.
Consumer interest in Birkenstocks has increased recently, and the wider fashion world has given them its blessing.
The Boston Clog from Birkenstock was the company’s best-selling shoe in 2022, according to luxury online retailer Yoox, and since January 2020, Google searches for the company in the United States had more than doubled.
Robbie, the lead actress and producer of the hit movie Barbie, wore a pair of Birkenstocks in one scene, giving the brand even more exposure this year.
Over the past few years, Birkenstock has been able to make significant investments in its German manufacturing facilities. In addition, the company has committed € 120 million to the construction of a new factory in Pasewalk, a town located north of Berlin.
