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Dr Martens in £300 million sale talks with Permira

Iconic footwear brand Dr Martens is understood to be in advanced discussions with Permira regarding a potential takeover of the business.

GENERAL MERCHANDISE

Dr Martens in £300 million sale talks with Permira

According to Sky News, Dr Martens owner R Griggs Group is negotiating a possible £300 million deal with the private equity firm which could be agreed as early as next month.

Permira has extensive experience of fashion brands, having already invested in high street chain New Look, menswear brand Hugo Boss and Spanish clothing retailer Cortefiel.

R Griggs Group previously attempted to sell Dr Martens in 2012 but shelved its plans after bids received from private equity firms did not reach the retailer’s valuation of £200 million.

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