Categories: Market

Sandal maker: Birkenstock announces its IPO in the USA

class=”sc-29f61514-0 icZBHN”>

German shoe company Birkenstock is going public on the US stock market.

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

Share
Published by
Tim

Recent Posts

Terror suspect Chechen ‘hanged himself’ in Russian custody Egyptian President al-Sisi has been sworn in for a third term

On the same day of the terrorist attack on the Krokus City Hall in Moscow,…

1 year ago

Locals demand tourist tax for Tenerife: “Like a cancer consuming the island”

class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…

1 year ago

Agreement reached: this is how much Tuchel will receive for his departure from Bayern

class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…

1 year ago

Worst earthquake in 25 years in Taiwan +++ Number of deaths increased Is Russia running out of tanks? Now ‘Chinese coffins’ are used

At least seven people have been killed and 57 injured in severe earthquakes in the…

1 year ago

Now the moon should also have its own time (and its own clocks). These 11 photos and videos show just how intense the Taiwan earthquake was

The American space agency NASA would establish a uniform lunar time on behalf of the…

1 year ago

This is how the Swiss experienced the earthquake in Taiwan: “I saw a crack in the wall”

class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…

1 year ago