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Not Investment Advice

133: Beckham Doc, Birkenstock $10B IPO, 2-Hour Marathons & is Shakespeare the greatest ever?

Oct 11, 2023
01:23:28
Snipd AI
The podcast discusses topics such as the Beckham documentary, Birkenstock's IPO, whether Shakespeare is the greatest writer, and the controversy between Drake and Joe Biden over age and relevance in the music industry.
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Podcast summary created with Snipd AI

Quick takeaways

  • Birkenstock aims to solidify its market leader position through potential IPO, collaborations, and innovative footbed technology.
  • The enduring popularity and influence of Shakespeare's works demonstrate his exceptional talent as a playwright and poet.

Deep dives

The Birkenstock Turnaround

Birkenstock, a 250-year-old brand, underwent a successful turnaround led by CEO Oliver Reichert, an outside consultant. The company streamlined its corporate structure, launched an e-commerce platform, and introduced new product lines like EVA rubber sandals. Its success attracted the attention of LVMH, and Birkenstock was acquired by Elle Catterton, a private equity company backed by Bernard Arnault. Now, Birkenstock is seeking to go public with a target valuation of $10 billion. The brand's unique value proposition and potential for collaborations with other luxury brands make it an attractive investment opportunity.

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