Dr. Martens plans London IPO
British footwear brand Dr. Martens is planning to float on the London Stock Exchange.
The company launched its first pair of boots in the UK in 1960. It now sells over 11 million pairs of footwear per year in more than 60 countries and its revenues reached £672 million in the year ended 31 March 2020.
Dr. Martens has 130 stores across the world and also operates an online business, but just over half its revenue comes from its wholesale business which sells to other retailers.
Kenny Wilson, chief executive of Dr. Martens, said: “The announcement of our intention to float reflects the great achievements of the Dr. Martens team and brand over the last seven years. Even more important is the significant global growth potential for Dr. Martens in the future.
“Our iconic brand appeals to a diverse range of consumers around the world who wear our footwear to express their individual style. We have invested massively to ensure that we deliver the best digital and store experiences to connect with our wearers, and through this we are driving our long term, sustainable growth.”
