Banks Tag

Birkenstock is on the point of make its move. Sources told WWD the German sandal brand’s key owner — private equity giant L Catterton — is meeting with bankers because it prepares to explore options for the business, including a possible initial public offering.  While one financial source said the shoe company could move to go public this fall, one other suggested that timing could be ambitious.  Regardless, Birkenstock is claimed to have gone from strength to strength recently as its cozy sandals resonate with consumers keen to remain casual post-pandemic.  A spokeswoman for L Catterton, which describes itself as the most important consumer-focused private equity group on the planet, declined to comment on Thursday. The Greenwich, Connecticut-based investor bought control of Birkenstock together with Financière...