Birkenstocks is preparing for an IPO early in September at $8bn Value

Birkenstock, the iconic footwear brand, is preparing to launch an Initial Public Offering (IPO) at a valuation of around $8 billion. The owner of the brand, L Catterton, which is backed by the French luxury group LVMH, is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on a potential listing of Birkenstock in the US.

However, no final decisions have been made about the size or timing of the IPO. As reported in the Business of Fashion, deliberations are still ongoing.

Photo: Michael Murtaugh, Source : Wirecutter

Birkenstock sandals were first introduced in 1966 and have since become a global phenomenon. The sandals are known for their comfortable, supportive design and their use of natural materials. They have been expanding their product line in recent years, adding new styles and categories, such as footwear for children and activewear, and also opening new stores around the world.

If the IPO goes ahead, it would be a major coup for L Catterton, which acquired Birkenstock in 2021 for a reported €4 billion. The IPO would also be a sign of the growing popularity of Birkenstock sandals, which have become increasingly fashionable in recent years.