Birkenstock

Birkenstock evolved from a shoemaker’s workshop founded in 1896, through the invention of the anatomical footbed, into a global fashion brand phenomenon. In the 1970s the sandals were embraced as healthy footwear both by hippies and by medical professionals; later they became a fashion accessory with flagship stores, premium models and luxury collaborations. In 2013 Oliver Reichert consolidated 38 individual companies into the group, in 2021 L Catterton and Financière Agache took a majority stake, and in 2023 the company went public in New York. » More on wiwo.de

Birkenstock's stock rose 6.6% in premarket trading, recovering from near its 52-week low after the selling pressure triggered in mid‑August. Third-quarter revenue was €719.5m, above analyst expectations, and the company raised its constant‑currency revenue growth target for 2026 to 15% and lifted its adjusted EBITDA forecast. Although earnings per share were slightly below consensus, the strong revenue performance, broad regional growth, the accelerated share buyback program and confirmed buy recommendations from several banks support a revaluation of the stock. » More on de.investing.com

L Catterton sold 25.52 million Birkenstock shares for about $1 billion at $39.35 each, a 4 percent discount to the closing price. About half of the shares were bought by Birkenstock itself for cancellation. With the sale, L Catterton retreats to a minority stake five years after its entry and has therefore sold just over a quarter of its holdings. Bernard Arnault additionally holds 5.6 percent via Financiere Agache. » More on manager-magazin.de