LVMH-Backed Firm Considers IPO Of Birkenstock In US Market At Over $6B: Report
Portfolio Pulse from Lekha Gupta
LVMH Moet Hennessy Louis Vuitton SE (LVMHF) backed private equity firm is considering an IPO for Birkenstock in the US market, potentially valuing the company at over $6 billion. The IPO may occur this or next year. LVMHF reported a 17% YoY sales growth in Q1 FY23.
July 07, 2023 | 12:30 pm
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POSITIVE IMPACT
LVMH's backed firm's potential IPO for Birkenstock could impact LVMH's financials. LVMH's Q1 FY23 sales growth indicates a positive financial performance.
The potential IPO of Birkenstock, backed by LVMH, could bring significant financial benefits to LVMH, especially considering the high valuation of Birkenstock. Additionally, LVMH's recent sales growth indicates a strong financial performance, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100