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Retail Experts Assess the Potential of Birkenstock’s Entry into the Stock Market
As Birkenstock experiences significant growth in recent years, its future appears even more promising. Sources revealed that L Catterton, the brand’s primary owner, is exploring potential options for Birkenstock, including a potential IPO. Market experts have valued the offering at around $6 billion, indicating positive prospects for the German shoemaker. While Birkenstock has refrained from commenting, retail industry experts remain optimistic despite the slowdown in consumer brand IPOs following the pandemic. Notable footwear companies like Allbirds, On, and Dr. Martens successfully went public in 2021, while others, including Cole Haan and Authentic Brands Group, opted out due to various factors such as pandemic uncertainties and securing external investments.
Reference : https://footwearnews.com/business/business-news/birkenstock-ipo-outlook-analysis-1203491002/