(Bloomberg) -- Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc are offering to sell 14 million shares of the US-traded footwear maker, days after it hit its highest level since its initial public offering.Most Read from BloombergNvidia’s 13% Stock Rout Has Traders Scouring Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash From Abu DhabiHow Long Can High Rates Last? Bond Markets Say Ma
Birkenstock (BIRK) shares have been downgraded by Goldman Sachs to Neutral from Buy. Analysts at the firm explain the move by pointing to elevated valuations and fragmentation within the shoemaker's consumer base. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Birkenstock Holding ( NYSE:BIRK ) Second Quarter 2024 Results Key Financial Results Revenue: €481.2m (up 22% from 2Q...