Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Dr Martens steps up store openings

Dr Martens’ sales increased 13% to £235.3m in the company’s first full year under its new owners, private equity firm Permira.

Dr Martens

Dr Martens

Dr Martens

Dr Martens’ sales increased 13% to £235.3m in the company’s first full year under its new owners, private equity firm Permira.

The leather boot brand grew underlying earnings by 17.4% to £40.9m and EBITDA before exceptional items grew by 21% to £7m during the period ended March 31.

European sales overtook those in the US, driven by demand in the UK and online orders across the continent.

Dr Martens’ management said they plan to accelerate store openings this year in the UK and overseas, building on a current portfolio of 45 stores. Direct to consumer revenue now stands at approximately 28% of the group’s total.

Permira bought the brand for £300m in 2013 and controls it through IngreLux, based in Luxembourg.

Dr Martens produces limited quantities of its Made in England and Vintage ranges at its UK factory in Northampton and sources other its other products from Asia.

Former Asda and Matalan boss Paul Mason became non-executive chairman at Dr Martens in September last year, succeeding David Suddens, who stepped down to pursue other opportunities.

Mason is also chairman of Cath Kidston and Mayborn Group, the owner of baby products brand Tommee Tippee, and was previously non-executive chairman of New Look, EMEA president of Levi Strauss and chief executive at Asda, Somerfield and Matalan.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.