Permira, a private equity firm, is exploring the possibility of selling or taking iconic British footwear brand Dr Martens public, marking a potential shift in ownership after just six years. The firm acquired Dr Martens from the Griggs family for £300 million in 2013 and now appears to be ready to move onto the next phase for the brand.
According to reports from Sky News, Permira is in the process of selecting bankers to oversee the sale or public offering, with a potential listing on a US stock exchange as opposed to in London. This decision comes on the heels of Dr Martens’ resurgence under Permira’s ownership, with the brand experiencing strong sales and profit growth in recent years.
As the brand prepares to celebrate its 60th anniversary, Dr Martens has been making strides in expanding its international footprint, particularly in the EMEA region. The future appears bright for Dr Martens, with industry experts speculating on the brand’s potential value in the market.
Although neither Permira nor Dr Martens have officially confirmed the potential sale or listing, it is rumored that a strategic investor or a public offering in the US could be in the works. Dr Martens’ timeless heritage and strong fashion appeal make it a desirable asset for investors seeking to capitalize on its growth trajectory.
Under the leadership of CEO Kenny Wilson, who took the helm last year, Dr Martens has been strategically growing its global presence, with approximately 100 stores worldwide. The brand has also been reinvesting in its Northamptonshire manufacturing site, showcasing its dedication to quality and tradition.
As anticipation builds around Dr Martens’ future, one thing is certain – the brand’s journey is far from over. The next chapter for Dr Martens promises to be an exciting one, with potential opportunities for further growth and success.
For more information on this topic, check out these relevant links:
BBC – Dr Martens’ Owner Permira Considers Sale or Listing
Reuters – Permira Explores Selling or Listing Dr Martens
