The German shoe brand Birkenstock is said to be considering a possible IPO. Major owner L. Catterton met with financial advisors to explore the process.
The shoe company is expected to go public next fall, a finance source told industry magazine WWD. However, other sources consider this timetable to be too ambitious.
A spokesman for L Catterton declined to comment on the situation, according to the media.
The investment company originally took control of Birkenstock in 2021 together with Financière Agache. At that time, there was speculation about a value of around four billion euros.
In the event of an IPO, Birkenstock would disclose its business figures for the first time and give the market an insight into the current situation of the company.
Other fashion companies are also eyeing Wall Street as more and more are considering going public.
Savage X Fenty, Rihanna’s lingerie brand, which is also endorsed by L Catterton, is among those reportedly considering such a move, as is Kim Kardashian’s Skims.
But as tempting as the leap may be, it doesn’t necessarily bring the results hoped for by those who take it.
In December 2022, luxury fashion group Lanvin’s stock fell 25 percent on its first day of trading on the New York Stock Exchange (NYSE), from $10.2 initially to $7.63 at the close.
This article originally appeared on FashionUnited.com.