According to Bloomberg News, L Catterton, a private equity firm backed by LVMH, is considering strategic options for Birkenstock, including an initial public offering, which could value the German sandal maker at more than $6 billion.
Sources told the news agency L Catterton had hired Goldman Sachs and JPMorgan as advisors to explore a potential U.S. listing that could happen this year or the next. Discussions are ongoing, and L Catterton could decide against the offering.
L Catterton and Birkenstock declined to comment on the report.
Birkenstock sold a majority stake to L Catterton in 2021, and the transaction then valued the company at about 4 billion euros ($4.35 billion).
