With a Barbie boost, Birkenstock to step onto stock market

In 1896, Konrad Birkenstock began focusing on orthopaedic footwear, developing comfortable, contoured insoles designed to cushion the feet.

But they really shed their association with sock-and-sandal-wearing Germans and became a trendy, must-have item in the 1990s, when supermodel Kate Moss donned a pair for a fashion shoot. It was snapped up by LVMH-linked equity firm L Catterton and French billionaire Bernard Arnault's family holding fund Financiere Agache, for a reported sum of around four billion euros.Economy and management blamed for demise of UK retailer WilkoBirkenstock's most famous sandal is the Arizona, which features two wide straps with buckles, on trademark cork and latex soles.

The single-strap Madrid, introduced a decade before the Arizona, helped lay the foundation for the company's later successes, and was originally known as"the gymnastics sandal" as it exercises a wearer's foot and leg muscles as they walk.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cameron Robbie, Margot Robbie's brother, is also in the entertainment industryCameron Robbie is an aspiring actor from Australia. He is widely known for being the brother of actress Margot Robbie. Discover more details about him here.
Source: brieflyza - 🏆 10. / 68 Read more »

Birkenstock files for IPO in further boost to US marketThe IPO could value Birkenstock at more than $8bn.
Source: Moneyweb - 🏆 5. / 77 Read more »