German sandal maker Birkenstock which is owned by an affiliate of LVMH (LVMUY) is getting ready to explore becoming a public company via an initial public offering, reports Bloomberg’s Eyk Henning and Crystal Tse . “The iconic German sandal maker could be valued at more than $6B in an IPO, said one of the people, asking not to be identified because the details are private,” added Bloomberg. Other public companies in the casual shoe and sneaker space include Allbirds (BIRD), Skechers (SKX) ,Nike (NKE) and Crocs (CROCS)
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