The venture capital company L Catterton, backed by the luxury brand group LVMH, should have plans for an IPO as early as September, according to the news agency Bloomberg. Rumors about the listing have been around for a few weeks, but the timing is now new, as is the valuation, which is said to be around ten billion dollars, roughly 100 billion Swedish kronor.
The two major American banks Goldman Sachs and JP Morgan will represent the shoe manufacturer in connection with the listing, writes Bloomberg.
The German company has almost 250 years behind it and a listing would mean stepping into unknown territory. In recent years, however, the brand has undergone a substantial change process and has gone from a more upright profile to a trendy one. Collaborations with luxury brands such as Dior, Manolo Blahnik and Valentino have occurred.
In addition, the company has received an unexpected boost in the form of the hit movie “Barbie”. In it, the lead actress Margot Robbie wears a pair of pink Birkenstocks in one of the scenes.