All Birkenstock articles
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News briefs
Birkenstock invests €15m in Portuguese plant
Birkenstock is investing €15 million in Portugal to expand its recently acquired component manufacturing facility in the Iberian country. The new 13,000-square meter factory in the São Domingos Industrial Zone in Arouca, in the Metropolitan Area of Porto, in the Norte Region, is expected to be completed by December 2024, ...
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ArticleBirkenstock reassures investors on profits, makes progress in closed-toe shoe sales
Birkenstock reassured investors that the pressure on profits from its ongoing production capacity investments is only temporary and will set the stage for future expansion. The company confirmed its guidance for top-line growth of 17-18 percent at constant foreign exchange rates in the current fiscal year. Sales in the first ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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News briefsWortmann obtains a court victory against Birkenstock
The Wortmann Group says that its subsidiary shoe.com GmbH & Co. KG has obtained a victory in the Higher Regional Court of Cologne against Birkenstock in a case alleging copyright infringement. In a ruling issued on Jan. 26, the court overturned a decision made on May 11, 2023, by the ...
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ArticleBirkenstock’s earnings and guidance disappoint
Birkenstock released a disappointing first set of earnings as a public company prompting its stock to plummet nearly 8 percent on the day. The company also warned of a further Ebitda margin squeeze in the new fiscal year due to ramp-up costs at its new factory near Pasewalk in Germany. ...
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News briefs
Birkenstock opens a store in Miami
Birkenstock has opened its fifth store in the U.S. in Miami. “Deepening our retail footprint is an important pillar of our long-term growth strategy. We currently have 47 shops around the world. In the U.S., for example, we have some 6,600 doors, but run only five own stores. So there’s ...
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ArticleBirkenstock appoints a managing director for Greater China
Birkenstock has appointed Tiffany Wu to the newly created position of managing director for Greater China, effective Nov. 1. She reports to Klaus Baumann, the group’s chief sales officer. The German footwear manufacturer said that it currently operates “a rapidly growing e-commerce business in China, which will be supplemented by ...
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ArticleBirkenstock pays down its debt
Birkenstock Holding PLC, the Jersey -registered and New York Stock Exchange listed company that controls Birkenstock, made early repayments on loans issued for the acquisition of the German sandal maker by the U.S. private equity L Catterton in April 2021. It used the net proceeds from its initial public offering ...
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News briefs
Birkenstock disappoints on market debut
Birkenstock’s share price fell by 12.61 percent to $40.20 on Oct.11, its first trading day on the New York Stock Exchange, representing a market capitalization just above $7.5 billion. The sandal maker had priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price was ...
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News briefs
Birkenstock prices its IPO at $46 a share
Birkenstock has priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price is just slightly below the midpoint of the $44.00 to $49.00 price range previously announced by the sandal maker. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in ...
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News briefs
New Birkenstock plant in Pasewalk begins operations
Production at Birkenstock’s new shoe factory has started according to schedule. After 17 months of construction, the footwear manufacturer began operations at its new manufacturing facility in the Berlin-Szczecin industrial park near Pasewalk, in the Mecklenburg-Vorpommern region of Germany. The new €110-million, 36,000-square meter facility is the single largest ...
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News briefs
Goldstar wins another patent lawsuit against Birkenstock
The Italian brand Goldstar said that it has won another patent claim filed by Birkenstock in Germany. “After the positive rulings of various courts in Italy, France, Benelux and Germany, as well as the European Court of Justice, another favorable ruling from a German Federal Court comes in favor of ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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ArticleBirkenstock’s 9-month sales up 21%
Birkenstock’s sales in the nine-month period ended June 30, 2023, rose by 21 percent to €1,117 million as the number of units sold grew by 5 percent and the average selling price increased by 15 percent. Direct-to-consumer penetration grew to 37 percent of revenues over the period from 34 percent ...
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ArticleBirkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
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News briefs
Birkenstock reportedly mulls an IPO
The U.S. private equity L Catterton is considering strategic options for Birkenstock including an initial public offering in the U.S. this year or in 2024, which could value the German sandal maker more than $6 billion, according to the news agency Bloomberg. The private equity’s advisers include Goldman Sachs and ...
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ArticleBirkenstock’s factory in Pasewalk nears completion; new CFO appointed
Birkenstock’s new shoe factory in Pasewalk, Germany, is nearing completion, with production at the site set to start the third quarter of 2023. Seven months after laying the foundation stone for its €120-million plant last August, the footwear giant has held a topping-out ceremony with 250 guests. The construction ...
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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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News briefs
Birkenstock opens fourth U.S. store
Birkenstock has opened its fourth company-owned store in the U.S. in the Marin Country Mart in Larkspur, California. The German brand’s other U.S. stores are in Brooklyn and SoHo in New York and Venice Beach, California.
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ArticleBirkenstock to invest €110m in Pasewalk plant
Birkenstock now expects to invest about €110 million in its new German production site in Pasewalk, scheduled to come on stream in autumn 2023. The investment is a record for the company and significantly above the initial estimate for the project. The German footwear group described the investment in the ...
