john i want to mention that bloomberg news is reporting now that birkenstocks may soon have an ipo at more than a three 8 billion valuation it could come as soon as september the private equity firm l catterton which is backed by luxury french fashion house lvmh is working with goldman sachs and jpmorgan on the potential listing the companys sales have been boosted of late by the blockbuster barbie movie which stars margot robbie in the title role donning a pair of pink birkenstock socks in one scene might indeed our black i do not have a pair of pink birkenstocks however as someone who covers private equity the return of the ipo market these private equity backed deals heading back to market is exciting both for the banks and the private equity firms from what i understand yeah its great reporting by bloomberg one number two youre right it opens up so many doors to speak about whether you want to talk about bernard arnault and the lvmh empire and his own family money that went into acquiring this brand along with a private equity player which to your point looks for a potentially large payday if the ipo market comes together but even just the fact that youve got a business here which is more than a couple of hundred years old which is leaned into that fashion opportunity you mentioned making that spotlight and barbie but also all those high profile luxury partnerships to really price more of a premium brand price on items which lets face it charlie well a lot of consumers are feeling a little more cash strapped these days the luxury market has been doing pretty well so well continue to watch the developments on that potential ipo story