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Key data such as stock trading volume initially remained open. Financial service Bloomberg broke the news in July that Birkenstock could go public at a total valuation of more than $8 billion.
According to the company, Birkenstock’s origins date back almost 250 years to 1774. The main owner is the investment company L Catterton since 2021. In recent years, sandals have increasingly become a fashion accessory. They recently starred in the successful movie “Barbie”, among others.
In the first half of the fiscal year ending at the end of March, Birkenstock increased its sales by 18.7 percent to around 644.2 million euros. As a result, a profit of 40.2 million euros remained on the books, after approximately 73.5 million euros in the previous year.(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
