Following Wednesday's IPO.
Birkenstock’s seemingly ubiquitous $130 leather sandals have helped the German family behind the brand build one of the biggest footwear fortunes on the planet.
Together, they collected more than €3 billion from the 2021 transaction, which set the shoemaker on the path to public markets. In the two years before the deal, the brothers were receiving about €100 million a year in dividends, filings show.Family tradition The Birkenstock dynasty started nearly 250 years ago with Johannes and Johann Adam, shoemakers in Langen-Bergheim, a small village around 40 kilometres northeast of Frankfurt.
The brothers stepped back from running the business through a transition period that began in 2009, with Stephan exiting the business as a shareholder for an undisclosed sum.
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