The investment company L Catterton, majority owner of Birkenstock, is considering an IPO, reports the specialist magazine WWD, citing anonymous sources. The company is reportedly targeting a valuation of between $3 billion and $4 billion.
L Catterton is well known in the fashion world for his various investments in fashion companies. The company is not only the owner of Birkenstock due to a majority stake, but also has shares in brands such as Ganni, Etro, Pepe Jeans, Ba&sh, Seafolly and Everlane.
The anonymous sources did not say when L Catterton might go public.
This translated post previously appeared on FashionUnited.nl.