Birkenstock news and archive

Eyeing European expansion, Birkenstock opens first boutique in Paris

German footwear brand Birkenstock has made a significant stride in its European expansion strategy by opening its first Parisian boutique in the fashionable Marais district. The 130 square metre corner store, located at 17 rue des Archives, marks the company's first standalone European retail space in four years and represents a crucial...

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Birkenstock ropes in Evelyn Chua as MD for South-East Asia and Down Under

Birkenstock has appointed Evelyn Chua as managing director for South-East Asia and Down Under, effective July 1, 2024. In this newly created position, Birkenstock said, Chua will lead, from the company's regional headquarters in Singapore, a region which includes Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Australia, and New...

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L Catterton raises 756 million dollars in sale of Birkenstock shares

An entity affiliated with investment firm L Catterton has raised a total of 756 million dollars in the sale of 14 million ordinary shares linked to footwear specialist Birkenstock. BK LC Lux MidCo, which oversees 9.9 million shares, and employees of the Birkenstock Group, who hold power over 4.1 million shares, are to take part in the secondary...

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L Catterton and Birkenstock employees to sell 14 million shares

In a secondary public offering, Birkenstock employees and BK LC Lux MidCo, an entity affiliated with L Catterton plan to sell Birkenstock’s 14 million ordinary shares. Following the completion of the proposed offering, L Catterton will hold approximately 73.2 percent of the ordinary shares outstanding of the company. Commenting on the...

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Megan Kulick joins Birkenstock as director of investor relations

Birkenstock has announced the appointment of Megan Kulick as director investor relations, effective April 15, 2024. Based in New York, Kulick will report to the board of directors of the company. Commenting on Kulick’s appointment, Oliver Reichert, CEO of the Birkenstock Group and member of the board said: "It was extremely important for us to...

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Birkenstock's Q1 revenues grow by 26 percent

Birkenstock’s first quarter revenue of 303 million euros, was up 26 percent on a constant currency basis driven by product category expansion and new production capacity. The company has confirmed its mid-term profitability objectives to achieve a gross profit margin over 60 percent and an adjusted EBITDA margin in the low thirties. Commenting...

Fashion |In Pictures

Birkenstock opens community studio in London

German footwear brand Birkenstock has opened its first-of-its-kind community studio in East London to offer a creative hub alongside a brand-owned activation space. Located at the Dray Walk Gallery in The Truman Brewery, The Birkenstock Studio: Walk With Me will offer a free programme of exclusive events and workshops that will allow the brand...

ManagementFeatured

Birkenstock FY23 revenues grow by 20 percent

For fiscal year 2023, Birkenstock reported revenues of 1.4 billion euros, up 20 percent compared to fiscal year 2022 on a reported and constant currency basis. The company’s fourth quarter revenues grew by 16 percent on a reported and 22 percent on a constant currency basis. Commenting on the company’s performance, Oliver Reichert, CEO of...

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Birkenstock appoints Tiffany Wu as MD Greater China

Birkenstock has announced the appointment of Tiffany Wu as managing director Greater China, effective November 1, 2023. In this newly created position, the company said, Wu will lead the Greater China business area, which includes mainland China, Hong Kong and Taiwan, driving brand equity and sales in the region. She reports to Klaus Baumann,...

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Birkenstock reduces debt by utilising net proceeds from IPO

Following its initial public offering on the New York Stock Exchange, Birkenstock Holding plc is utilising the net proceeds from the IPO, together with cash on hand, to repay existing debt. The company has revealed an early repayment of 450 million dollars on its USD Term Loan B and 100 million euros on its EUR Vendor Loan - both loans were...

ManagementFeatured

Birkenstock shares slide in NYSE debut

Shares in German footwear specialist Birkenstock fell over 10 percent on its first day of trading on the New York Stock Exchange. The company had set its initial public offering (IPO) price at 46 dollars per share - just below the middle of its previously announced target price range of between 44 dollars and 49 dollars. However, its share price...

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Birkenstock sets IPO price ahead of NYSE listing

German footwear specialist Birkenstock has set the price for its initial public offering (IPO) at around the middle of its previously announced guidance. The company has set a price of 46 dollars per share, according to a report Tuesday by the Wall Street Journal. Birkenstock previously set a price range of between 44 dollars and 49 dollars....