Birkenstock May Be Heading To Wall Street, IPO Expected in September — Retail Bum

Globally renowned footwear and fashion brand Birkenstock is preparing to go public next month.

According to a report by Bloomberg, L Catterton, a private equity firm supported by the luxury fashion giant LVMH, intends to make the company publicly traded in September 2023.

As of now, no firm date has been confirmed for the IPO.

In July 2023, Retail Bum reported that L Catterton, the private equity firm supported by prestigious French fashion house LVMH, was evaluating potential courses of action for Birkenstock, which included an initial public offering (IPO).

One of the sources at the time, who requested anonymity due to the confidential nature of the information, revealed that the renowned German sandal manufacturer could attain a valuation surpassing $6 billion if it proceeds with an IPO.

Should the company decide to go public, the event will take place more than two years following the acquisition of a controlling interest in Birkenstock by a private equity firm and billionaire Bernard Arnault’s family investment company.

At the time of acquisition, Birkenstock was valued at $4.9 billion. It is worth noting that Christian and Alex Birkenstock, the brothers behind the brand’s…