The Importance of Comfort in Shoes

Elle Caterton, the private equity firm backed by luxury French fashion house LVMH is considering strategic options for Birkenstock. The iconic German sandal maker could be valued at more than six billion US dollars in an IPO according to a report on Bloomberg. Brothers Christian and Alex Birkenstock still retain a stake in the firm though. A transaction would come more than two years after the private Equity firm and the family investment company of billionaire Bernard I know acquired a majority stake valuing the group at nearly five billion US dollars.