L Catterton’s LVMH Mulls Over $6bn US IPO for Birkenstock

LVMH-backed private equity firm L Catterton is looking to launch an initial public offering in the US for Birkenstock that could value the German sandal maker at over $6 billion, Bloomberg News reported Friday.

Goldman Sachs Group and JPMorgan Chase & Co. are serving as advisers for the potential listing, which could take place later in 2023 or in 2024, sources familiar with the matter told Bloomberg. L Catterton could, however, decide against the IPO as it is still reviewing strategic options for Birkenstock.

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The French luxury fashion brand’s shares fell about 4% on Thursday’s close.

Source: Market Scanner