June 26 (Reuters) - German sandal maker Birkenstock ( BIRK )

said on Wednesday it has priced a $756 million

secondary offering by an entity affiliated with L Catterton at

$54 apiece.

U.S. private equity firm L Catterton, backed by French

billionaire Bernard Arnault and luxury goods giant LVMH

, is looking to reduce its stake to 73.2% from 81.1% in

the German firm.

Birkenstock ( BIRK ) is not selling any shares in the offering and

will not receive any proceeds from the sale by L Catterton, the

footwear brand said in a statement.

In May, Birkenstock ( BIRK ) raised its annual revenue and core

profit forecasts, betting on full-price selling and strong

demand for its cork-based sandals and newer closed-toe styles

mainly at its own stores.

(Reporting by Urvi Dugar in Bengaluru; Editing by Subhranshu

Sahu)