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Iconic Dr Martens to stomp into London stock market

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The footwear brand's internet sales have boomed worldwide during coronavirus lockdowns. FMTNews

LONDON: Iconic British footwear brand Dr Martens on Monday took steps to launch on the London stock market, seven years after it was acquired by the private equity group Permira.

Permira, which bought Dr Martens for £300 million in early 2014, said it would sell down its stake under a flotation. Chief executive Kenny Wilson on Monday said the company was targeting “significant global growth potential” with the help of increased investment from a stock-market listing.

 

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