Birkenstock prepares to issue bonds to refinance debt Photo: Unsplash/Jacob Owens
16.06.2026 983

Birkenstock prepares to issue bonds to refinance debt

Birkenstock plans to issue bonds for the first time in five years to refinance existing debt and explore further share buybacks, Fashion Network reports. The publication cites a source familiar with the situation who wished to remain anonymous.

The German shoe manufacturer plans to raise €900 million by selling seven-year bonds, which can be redeemed early in three years. The company will hold a conference call with investors on Monday to discuss the deal and continue meetings on Tuesday.

The bond issue will be the first since 2021, when the company raised 430 million euros in bonds maturing in 2029, according to Bloomberg data.

That same year, Birkenstock was sold to LVMH-backed private equity firm L Catterton, which subsequently took the company public on Wall Street in 2023.

The German maker of popular sandals with anatomically shaped soles disappointed investors last month by keeping its full-year profit forecast unchanged, as results were impacted by US tariffs and currency fluctuations. The company's revenue, adjusted for currency fluctuations, rose 14% to €618 million for the quarter ending in March, while operating profit fell more than analysts had expected.

A week later, Birkenstock announced an accelerated share repurchase program worth $250 million to correct what it believed was a misalignment between its share price and its fundamentals. Since then, the stock has risen sharply, increasing its year-to-date gain by approximately 19%.

In a statement filed Monday, the company indicated it may allocate up to $500 million for further share repurchases, depending on market conditions. If share repurchases are not possible, the company may use the proceeds "to refinance other existing debt of Birkenstock and its subsidiaries or for general corporate purposes."

BNP Paribas SA and JPMorgan Chase & Co. are the bookrunners for the bond offering, which is being carried out by Birkenstock Group BV & Co KG.

 

Birkenstock plans to issue bonds for the first time in five years to refinance existing debt and explore further share buybacks, Fashion Network reports.
5
1
Rating

Latest News

Maison Margiela's Tabi boots break auction records in Paris.

On July 9, Maurice Auction, in collaboration with Kerry Taylor Auctions, held an auction in Paris featuring 195 lots from the personal archive of Belgian designer Marine Margiela. The total proceeds from the auction, which concluded…
14.07.2026 1470

Since the beginning of 2026, more new foreign brands have entered St. Petersburg shopping centers than the previous year.

According to NF GROUP analysts, the share of foreign brands in St. Petersburg shopping centers fell from 12,3% to 11,1% in the first half of 2026. International retailers reduced their space by 9,3 square meters, and nine brands…
10.07.2026 947

Ekonika is releasing a capsule collection of men's footwear in collaboration with Gotleb.

Ekonika's collection now includes men's footwear! The brand launched its men's footwear line with a collaboration with local handmade shoe brand Gotleb (formerly Gottlieb Schwarz), founded by shoemaker Andrey…
08.07.2026 1372

Spanish footwear exports: stable value and moderate growth in volume

According to Revista del Calzado, according to data from the General Directorate of Customs, from January to April 2026, footwear exports amounted to 61,8 million pairs, worth 1,20 billion...
07.07.2026 8952

The fourth BRICS+ Fashion Summit will be held in Moscow from September 28 to 30.

The international platform will bring together industry leaders to discuss technologies, markets, and new development strategies.
06.07.2026 1418
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning