* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 16, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

    Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Entertainment Business Master’s Grad Launched Nonprofit to Nurture Emerging Artists – Full Sail University

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Review: At the Huntington, the New Hollywood String Quartet recalls legendary studio musicians – Los Angeles Times

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Guest columnist: China cutting corners on technology – The State Journal

    China’s Rapid Tech Advances Spark Worries About Cutting Corners

    Sentrycs’ Cyber Over RF technology integrated into Rafael’s combat-proven Drone Dome system – Defence Industry Europe

    Sentrycs’ Cyber Over RF Technology Boosts Rafael’s Battle-Tested Drone Dome System

    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Birkenstock just filed for a potentially buzzy IPO that could value the 250-year-old sandal maker at $8 billion

September 13, 2023
in Business
Birkenstock just filed for a potentially buzzy IPO that could value the 250-year-old sandal maker at $8 billion
Share on FacebookShare on Twitter

Birkenstock has filed for an initial public offering, in another sign of the allure US equity markets hold for European firms seeking a valuation uplift.

The German footwear maker, whose iconic sandals are worn by hippies and preppies alike, will continue to be controlled by private equity firm L Catterton, according to a filing on Tuesday. The company will disclose the proposed terms of the share sale in a later filing with the US Securities and Exchange Commission.

The IPO could value Birkenstock at more than $8 billion, Bloomberg News reported previously. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley are leading the offering, which comes more than two years after L Catterton and the family investment company of billionaire Bernard Arnault acquired a majority stake in Birkenstock, valuing it at about €4 billion ($4.3 billion). 

Listings Boost

The US market for IPOs looks like it’s finally coming back to life after 18 months in the doldrums. Birkenstock’s IPO filing comes hot the heels of others from SoftBank Group Corp.’s semiconductor designer Arm, grocery delivery firm Instacart Inc. and marketing and data automation provider Klaviyo Inc.

Founded nearly 250 years ago, Birkenstock developed a contoured insole for greater comfort. The modern, cork-lined sandals took hold in the 1970s, as shoppers from the US Southwest to Europe became enamored with the comfy style. Birkenstock has since become a high-fashion brand, launching collaborations with luxury names such as Dior, Manolo Blahnik and Valentino, and spawning variants from labels including Celine and Givenchy.

More than half — 54% — of the company’s customers are in the Americas with Europe accounting for 36%, according to Tuesday’s filing. While women make up 72% of Birkenstock customers, the footwear has broad cross-generational appeal, led by millennials with 31% of sales, followed by baby boomers with 30%, Gen X with 27% and Gen Z with 12%.

A listing would cap off a successful run for the company, whose family heirs stepped back from management duties about a decade ago. Since then, it’s streamlined strategy, launched high-profile collaborations and experienced explosive growth in demand.

‘Oldest Startup’

“We see ourselves as the oldest startup on earth,” Chief Executive Officer Oliver Reichert said in a letter to investors included in the filing. “We are a brand backed by a family tradition of a quarter of a millennium with the resilience, timeless relevance, and credibility of a multi-generational business.”

Sales have been boosted of late by the blockbuster Barbie movie, whose star Margot Robbie sports a pair of pink Birkenstocks in one scene.

For the six months ended March 31, the company had a net profit of €40 million on revenue of €644 million, according to the filing. That compares with €73 million on revenue of €543 million during the same period a year ago.

Birkenstock has also been investing heavily in building out its production sites in Germany, including a new €120 million factory in Pasewalk, a town north of Berlin.

The company, which will become Birkenstock Holding Ltd., plans to list its shares on the New York Stock Exchange under the symbol BIRK.

Subscribe to Well Adjusted, our newsletter full of simple strategies to work smarter and live better, from the Fortune Well team. Sign up today.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Fortune – https://fortune.com/2023/09/12/birkenstock-files-for-ipo/

Tags: Birkenstockbusinessfiled
Previous Post

Fortress CEO says hackers stole up to $15 million, mostly in Bitcoin, prior to Ripple acquisition

Next Post

How to watch SBS On Demand for free from anywhere in the world

The Bird Flu Story No One Is Telling – Scientific American

The Untold Story of Bird Flu: What You Need to Know

July 15, 2025
Combining science and policy for a unified global soil biodiversity observatory – Nature

Building a Global Soil Biodiversity Observatory: Bridging Science and Policy for a Sustainable Future

July 15, 2025
Quality of scientific papers questioned as academics ‘overwhelmed’ by the millions published – The Guardian

Are Scientific Papers Losing Quality as Academics Struggle to Keep Up with Millions Published?

July 15, 2025
Lower your risk of early death by some 40% with this lifestyle change – CNN

Lower your risk of early death by some 40% with this lifestyle change – CNN

July 15, 2025
Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

Palmer leads Chelsea to incredible, improbable Club World Cup romp over PSG – ESPN

July 15, 2025
Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

Feds Collins: solid economy gives Fed time to decide its next interest rate move – Forexlive | Forex News, Technical Analysis & Trading Tools

July 15, 2025
Black River Entertainment Adds Traci Hite As Director Of Promotion, Southeast – MusicRow.com

Black River Entertainment Welcomes Traci Hite as New Director of Southeast Promotion

July 15, 2025
Stormont Vail Health dermatology specialist talks sun safety at walk with an APP – WIBW

Top Dermatology Tips for Staying Safe in the Sun During Your Next Community Walk

July 15, 2025
Young voters seek authentic representation in politics, says Brett Cooper – Fox News

Young Voters Rally for True Representation in Politics, Urging Real Change

July 15, 2025
Guest columnist: China cutting corners on technology – The State Journal

China’s Rapid Tech Advances Spark Worries About Cutting Corners

July 15, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (722)
  • Economy (745)
  • Entertainment (21,632)
  • General (15,913)
  • Health (9,783)
  • Lifestyle (753)
  • News (22,149)
  • People (747)
  • Politics (756)
  • Science (15,964)
  • Sports (21,243)
  • Technology (15,729)
  • World (729)

Recent News

The Bird Flu Story No One Is Telling – Scientific American

The Untold Story of Bird Flu: What You Need to Know

July 15, 2025
Combining science and policy for a unified global soil biodiversity observatory – Nature

Building a Global Soil Biodiversity Observatory: Bridging Science and Policy for a Sustainable Future

July 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version