A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021.
REUTERS/Fabrizio Bensch Acquire Licensing RightsLONDON, Oct 2 (Reuters Breakingviews) - Birkenstock is taking a bold step forward.
Fresh from publicity from the Barbie movie, the German sandals maker is targeting a valuation of up to $11 billion, including debt, in its New York stock listing next week.
Hoping to build confidence among investors, owner L Catterton has secured the backing of anchor investors including Bernard Arnault’s investing vehicle Financière Agache and Norway’s wealth fund.
At $44 to $49 per stock, the offer values the group’s equity between $8.3 billion and $9.2 billion.
Persons:
Fabrizio Bensch, L Catterton, Bernard Arnault’s, Martens, Pamela Barbaglia, Lisa Jucca, Oliver Taslic 私, 「
Organizations:
REUTERS, Reuters, Nike, 「 Reuters
Locations:
Berlin, Germany, New York