The traditional sandal manufacturer Birkenstock is going public in the USA. The company, headquartered in Linz am Rhein in Rhineland-Palatinate, presented its prospectus on Tuesday. Key data such as the volume of the share placement initially remained open. Financial service Bloomberg reported in July that Birkenstock could go public with a total valuation of more than $8 billion.
According to the company, Birkenstock’s origins go back almost 250 years to 1774. The main owner has been the investment company L Catterton since 2021. In recent years, sandals have increasingly developed into a fashion accessory. Most recently they appeared in the successful “Barbie” film, among others.
In the first half of the current financial year, which ended at the end of March, Birkenstock increased sales by 18.7 percent to around 644.2 million euros. The bottom line is that a profit of 40.2 million euros remained in the books, after around 73.5 million euros a year earlier.
