13 October 2023

Birkenstock valued at $9 billion


German footwear group Birkenstock priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share, the company said on October 10, ahead of its first day of trading, writes Leatherbiz.

The IPO raised around $1.48 billion based on 32.3 million shares sold and values the company at approximately $9.3 billion on a fully diluted basis.

The company’s public debut is set to raise about $1.5 billion. One-third of the proceeds will go to the company to repay its debt, while the rest will go to L Catterton, its private equity owner.

L Catterton, which is backed by French luxury fashion house LVMH, purchased a majority stake in Birkenstock for €4 billion in 2021. This was the first time Birkenstock received private equity financing.

Birkenstock was founded in 1774 in the German village of Langen-Bergheim by Johannes Birkenstock and his younger brother Johann Adam Birkenstock, who were both shoemakers. The Birkenstock family ran the business for six generations after its founding.

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.


We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.


Follow Us On:

Contact us