Birkenstock Owner Eyes September IPO, Targeting a $8 Billion Valuation

The German sandal maker, backed by LVMH-affiliated private equity firm L Catterton, is planning an IPO that could value the company at up to $10 billion.

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L Catterton, a private equity firm backed by the luxury French fashion house LVMH, is planning an initial public offering (IPO) for Birkenstock in September. According to insiders, the listing could value the German sandal maker at as much as $10 billion.

Birkenstock’s sales have recently seen a significant boost, thanks in part to the company’s successful collaboration with Barbie. However, the discussions about the IPO’s size and timing are still ongoing, and no final decisions have been made.

Birkenstock, founded nearly 250 years ago, has evolved into a high-fashion brand, launching collaborations with luxury names such as Dior, Manolo Blahnik, Valentino, Celine, and Givenchy.

In the last year, Birkenstock saw its revenue rise by 29% to approximately €1.2 billion ($1.3 billion), leading to adjusted earnings of €394 million, according to a lender presentation seen by Bloomberg News. The company has been heavily investing in expanding its production sites in Germany, including a new €120 million factory in Pasewalk, a town north of Berlin.

The planned IPO of Birkenstock comes more than two years after L Catterton and the family investment company of billionaire Bernard Arnault acquired the company.

Bella Hartley

Bella Hartley is a respected author and the Chief Content Curator at Fashion Daily Magazine, where she is responsible for driving the publication's content strategy and overseeing its editorial direction. With an innate flair for style and a deep understanding of the fashion industry, Bella's influence shapes the tone and voice of the magazine.

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