On Wednesday, the footwear brand took another step into the big leagues with an IPO in New York, reportedly valuing the company at $8.6 billion. Here are five things to know about Birkenstock
When actress Margot Robbie swapped high heels for pink Birkenstocks in the hit summer movie "Barbie," it illustrated how the sandals have transformed from unglamorous, practical footwear to a highly-coveted fashion item.
The company was founded 250 years ago in rural Germany, and remained in the hands of the Birkenstock family until heirs, brothers Alex and Christian, sold a majority stake in 2021.
On Wednesday, the footwear brand will take another step into the big leagues with an IPO in New York, reportedly valuing the company at $8.6 billion.