Birkenstock owner considers IPO at $6 billion-plus value
Bloomberg
L CattertonLVMHBirkenstock
The iconic German sandal maker could be valued at more than $6 billion in an IPO, said one of the people, asking not to be identified because the details are private.
The firm is working with advisers including Goldman Sachs
Deliberations are ongoing and L Catterton could decide against any deal, the people added.
Representatives for L Catterton, Birkenstock and Goldman Sachs declined to comment. Representatives for JPMorgan didn’t immediately comment.
A transaction would come more than two years after the private equity firm and the family investment company of billionaire Bernard Arnault
The US IPO market is showing signs of emerging from a deep slump after restaurant chain Cava Group Inc. raised $366 million last month. The stock is up 78% since then.
A storied brand founded nearly 250 years ago, Birkenstock has become a high-fashion item, launching collaborations with luxury names such as DiorManolo BlahnikValentino
