2023-07-06 16:49:27 ET
- Private equity firm L Catterton is exploring options for sandal maker Birkenstock, including a possible U.S. initial public offering.
- The German sandal maker may be valued at over $6 billion in an IPO, according to a Bloomberg report, which cited people familiar. An IPO may take place this year or next.
- L Catterton, which is backed by French fashion house LVMH, could decide against a deal, according to the report.
- L Catterton agreed to buy Birkenstock for about 4 billion euros ($4.9 billion) in 2021.
For further details see:
Sandal maker Birkenstock looking at potential U.S. IPO - report