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Dr. Martens deal rumoured to be imminent

Private equity firm Permira, which owns brands including Hugo Boss and New Look, is reportedly in advanced talks to acquire Dr. Martens for £300m.

A deal for the family-owned R. Griggs Group is rumoured to be as early as next month, in a deal that would include the license to use the Dr. Martens brand.

In July last year the owners of the footwear brand ended talks to sell the business, saying that offers failed to reflect a fair value for the brand.

The business was put up for sale in February 2012 with reports following in June noting that the owners were looking for £200m for Dr. Martens.

At the time chief executive David Suddens said: “There are few brands around with the global reach, unique positioning and heritage of Dr Martens.

Dr. Martens did not wish to comment when contacted by Drapers.

 

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