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Birkenstock stumbles on Wall Street as investors find sandal maker s shares too pricey

Birkenstock discovers success is no shoo-in on New York debut

After all the hype surrounding the Wall Street debut of Birkenstock, the German footwear company, the reality was rather more sobering.Although the business ach

Birkenstock Stumbles on Wall Street As Investors Find Sandal Maker s Shares Too Pricey

Some traders on the floor of the New York Stock Exchange donned the iconic opened-toed footwear, and Birkenstock CEO Oliver Reichert rang the opening bell, with people around him waving sandals in the air.

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