---
title: "Birkenstock falls after controlling shareholder L Catterton decides to trim its stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295938474.md"
description: "Birkenstock shares fell 3.7% in premarket trading following the launch of a $1 billion secondary offering by controlling shareholder L Catterton. The company is not selling shares but plans to buy back and cancel approximately $500 million worth of stock from the offering. Despite the decline, L Catterton remains a controlling shareholder. This move follows an 11% rise on Thursday driven by strong Q3 earnings."
datetime: "2026-08-14T13:00:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295938474.md)
  - [en](https://longbridge.com/en/news/295938474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295938474.md)
generator: "portal-rs"
---

# Birkenstock falls after controlling shareholder L Catterton decides to trim its stake

Birkenstock Holding (BIRK) traded lower in early action on Friday after launching an underwritten secondary offering of $1B worth of shares to be sold by an entity affiliated with private equity firm L Catterton. The company itself is not selling shares and will receive no proceeds from the offering. Notably, Birkenstock (BIRK) plans to buy back 12...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**