Insider reveals to Bloomberg that L Catterton, the world’s largest consumer private equity fund under LVMH group, is reportedly considering strategic options for Birkenstock, the German centennial sandal brand, including an initial public offering (IPO).
According to an anonymous source, the IPO valuation for Birkenstock could exceed $6 billion. The company has been collaborating with financial advisors, including Goldman Sachs Group Inc. and JPMorgan Chase & Co., to explore potential listings in the United States. The IPO is expected to take place either this year or next.
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