Birkenstock Owner Considers IPO — Retail Bum

L Catterton, the private equity firm supported by prestigious French fashion house LVMH, is evaluating potential courses of action for Birkenstock, which may include an initial public offering (IPO).

One of the sources, 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.

The company is reportedly collaborating with advisors such as Goldman Sachs Group and JPMorgan Chase & Co. to explore the possibility of a listing in the United States. The sources mentioned that an IPO might occur this or the following year.

The discussions are still in progress, and L Catterton may choose not to proceed with any agreement, as per the sources.

Representatives from L Catterton, Birkenstock, Goldman Sachs, and JPMorgan declined to comment on the matter.

If the company goes public, it will happen more than two years after the private equity firm and billionaire Bernard Arnault’s family investment company acquired a controlling interest in Birkenstock, which was valued at $4.9 billion at the time. It is worth noting that Christian and Alex Birkenstock, the brothers behind the brand, continue to hold a stake in the company.