Birkenstock Group B.V. & Co. KG is a German shoe manufacturer known for its sandals and other shoes notable for contoured cork footbeds (soles) made with layers of suede and jute, which conform to the shape of their wearers’ feet. Founded in 1774 by Johann Adam Birkenstock and headquartered in Neustadt (Wied), Rhineland-Palatinate, Germany, the company’s original purpose was to create shoes that support and contour the foot, compared to the flat soles of many shoes during that time. In 1896 the Fussbett (footbed) was designed, and by 1925, Birkenstocks were sold all over Europe.
Birkenstock is the latest firm looking to test the IPO waters, as the iconic sandal maker eyes a deal that could value the company at more than $8 billion.
In reality, very few people know Lino Ieluzzi’s real name. Pasqualino – that’s what the future style icon was called in childhood, and it was former Prime Minister Silvio Berlusconi who gave him that name when awarding Ieluzzi a certificate of merit from the Italian Republic. Pasqualino means little Pasquale. However, Ieluzzi didn’t want to be either little or big. He simply decided to become Lino.
The fashion conglomerate Tapestry Inc., which owns brands like Coach, Kate Spade, and Stuart Weitzman, has announced its acquisition of Capri Holdings, the company that owns Michael Kors, Jimmy Choo, and Versace. Tapestry will pay $57 in cash for each Capri share, which is 65% higher than the holding’s stock price at the close of (more…)
How Big Things Get Done: The Surprising Factors That Determine the Fate of Every Project, from Home Renovations to Space Exploration and Everything In Between by Bent Flyvbjerg, Dan Gardner Nothing is more inspiring than a big vision that becomes a triumphant, new reality. Think of how the Empire State Building went from a sketch to (more…)
The cult suitcase brand was founded when air travel didn’t yet exist. A new exhibit shows how it innovated as travel evolved.
The name Tiffany has transformed over 183 years from a person’s name into a symbol of the pursuit of love, luxury, and a brilliant life. This name has embodied the American promise of a better future, encapsulated in a blue box with a white ribbon.
A blockbuster deal to sell his eponymous fashion brand has catapulted fashion designer Tom Ford into the global billionaires club.
L’Oréal is buying Australian brand Aesop in a deal that values it at $2.5 billion, in the biggest brand acquisition ever made by the French beauty giant.
Why Soap and Toothpaste Become Symbols of Wealth
