For decades Birkenstock has been known as one of the most comfortable footwear brands on the market. Couple that reputation with a cult-like following, and you have a recipe for a very profitable business model to take that business model to the next level with an Initial Public Offering (IPO).
Birkenstock’s current valuation stands at a staggering $8 Billion and is expected to perform very well despite an unsettled stock market. The launch timing may not be the best as inflation continues to soar, but the brand's revenues rose 29% last year, and they were just prominently featured in the box office smash hit “Barbie” movie, so for them, perhaps the timing is just right.
The brand has built a strong reputation for producing quality goods since 1774, and surprisingly, the IPO hasn’t come sooner. Experts predict that the launch could come as quickly as September giving fans of the famous sandal maker a chance to buy their very own Birken-Stock. Follow us on Twitter and Instagram for more news on the sneaker and streetwear industry,
Image via GearPatrol