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.

關於亞太區皮革展 ​



我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。