Birkenstock Owner Said to Weigh IPO at $6 Billion-Plus Value (3)

L Catterton, the private equity firm backed by luxury French fashion house LVMH, is considering strategic options for Birkenstock including an initial public offering, according to people familiar with the matter.

The iconic German sandal maker could be valued at more than $6 billion in an IPO, said one of the people, asking not to be identified because the details are private.

The firm is working with advisers including Goldman Sachs Group Inc. and JPMorgan Chase & Co. on a potential listing in the US, the people said. An IPO could happen this year or next year, the people ...