Birkenstock Owner Plans IPO at 8 Billion Value
Birkenstock, the iconic German sandal maker, is set to go public in September with an estimated value of 8 billion euros ($9.4 billion). The company’s owner, the family-owned Zwillinger Group, is planning an initial public offering (IPO) on the Frankfurt Stock Exchange, according to people familiar with the matter.
Birkenstock has been a staple of the footwear industry since its founding in 1774. The company is known for its signature sandals, which feature a contoured footbed and adjustable straps. The sandals have become a fashion staple in recent years, with celebrities and influencers wearing them on the red carpet and in street style.
Birkenstock’s Growth and Expansion
Birkenstock has seen tremendous growth in recent years, with sales increasing by double digits annually. The company has expanded its product line to include shoes, boots, and accessories, and has opened stores in major cities around the world.
Birkenstock has also been expanding its presence in the digital space. The company launched an e-commerce platform in 2020 and has been investing heavily in digital marketing and social media campaigns.
Birkenstock’s IPO Plans
The Zwillinger Group is planning to list Birkenstock on the Frankfurt Stock Exchange in September. The IPO is expected to value the company at 8 billion euros ($9.4 billion).
The IPO will be a major milestone for the company, as it will give the Zwillinger Group the opportunity to raise capital to fund further expansion. It will also give investors the chance to buy into a company with a long history and a strong brand.
Birkenstock’s Financial Performance
Birkenstock has seen strong financial performance in recent years. The company reported revenue of 1.3 billion euros ($1.5 billion) in 2020, up from 1.1 billion euros ($1.3 billion) in 2019.
The company has also seen strong growth in its net income, which increased from 68 million euros ($80 million) in 2019 to 95 million euros ($112 million) in 2020.
Birkenstock’s Future Outlook
Birkenstock is well-positioned for future growth. The company has a strong brand and a loyal customer base, and its product line is expanding. The company is also investing heavily in digital marketing and e-commerce, which should help it reach new customers.
The IPO will give the Zwillinger Group the capital it needs to continue to expand the company. It will also give investors the chance to buy into a company with a long history and a strong brand.
Birkenstock is set to become the latest in a string of German companies to go public in recent years. The IPO is expected to be a major milestone for the company, and could be a sign of further growth and expansion in the years to come.