Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • Birkenstock prepares for September IPO that would value sandal-maker at $8b

Birkenstock prepares for September IPO that would value sandal-maker at $8b

  • Categories Retail News, Top News
  • Date August 1, 2023
  • Comments 0 comment

Wearing the chunkiest, ugliest shoes has always been in fashion for some. But now it’s clog girl summer, and Birkenstock is bracing for a possible September IPO that would value the company anywhere from $8 billion to $10 billion, according to Bloomberg.

Birks have always been lurking. The German sandal has enjoyed several waves of popularity since it first arrived in the US in the ’60s, including in the 90s and 2000s when the brand proved it wasn’t just for Deadheads as mega celebrities wore them. And just like other perfectly horrendous footwear options (Crocs just reported a record $1 billion of revenue for the second quarter and is valued at ~$6.7 billion), Birks are back.

  • Birkenstock’s revenue jumped about 29% to $1.3 billion last year.
  • Celebs like Kendall Jenner are rocking Birks this summer, and the sandal even made it in a couple of scenes of the new Barbie movie, which Bloomberg reports helped boost recent sales.

It’s by design: Two years ago, Birkenstock was acquired in a deal that valued the company at roughly $4.9 billion by L. Catterton, the private equity firm backed by LVMH, the luxury conglomerate that keeps Bernard Arnault constantly trading spots with Elon Musk on the list of richest people in the world. Since the acquisition, the brand has collabed with high-end designers like Dior and Manolo Blahnik.

Looking ahead…sources told Bloomberg that the timing and size of the IPO haven’t been nailed down yet, but the potential plans are another sign that market debuts are making their own comeback.

Source: Morning Brew

  • Share:
admin

Previous post

Walmart wants to take its carbon emissions and turn them into fashion
August 1, 2023

Next post

Amazon Unveils Biggest Grocery Overhaul Since Buying Whole Foods
August 3, 2023

You may also like

IMG_4247
Check out this article on optimising fashion retail with end-to-end software solutions
24 June, 2025
IMG_4093
Aldi targets 20 new store locations across the UK
18 June, 2025
lithuania
Retail technology innovation of the week: AI driven age estimation tech goes live at IKI Lithuania stores
13 June, 2025

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Check out this article on optimising fashion retail with end-to-end software solutions
24Jun2025
Aldi targets 20 new store locations across the UK
18Jun2025
Retail technology innovation of the week: AI driven age estimation tech goes live at IKI Lithuania stores
13Jun2025
Carrefour first major European grocer to adopt VusionGroup EdgeSense tech, following Walmart roll-out in US
12Jun2025
BAO BAO ISSEY MIYAKE Opens Its First U.S. Flagship Store in Soho, New York
12Jun2025

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy