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Birkenstock is one of the most popular shoe brands in the world, recently catapulting to fame after its cameo in the blockbuster "Barbie" movie. The luxury German shoe brand, valued at an estimated $8 billion, made headlines earlier this month for planning an initial public offering (IPO) despite murky market conditions. Backed By One Of The World's Richest Men L Catterton, a private venture capital firm backed by Bernard Arnault's LVMH, gained an equity stake in Birkenstock Holding in 2021. Bir

The stock market has made a surprising comeback this year, ending the longest bear market since 1948 in June. The benchmark S&P 500 index has risen 19.34% year to date, while the tech-heavy Nasdaq Composite index notched an impressive 36.78% rise so far this year, ending the 2022 tech rout. But concerns regarding an impending recession have failed to ease, with the Federal Reserve hiking interest rates in July after a temporary pause in June. As a result, investors have been hedging against a po