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Russian billionaire in the running to buy Dr Martens

An investment fund backed by a Russian billionaire is one of the companies in the running to buy footwear brand Dr Martens.

According to reports in the Sunday Times Pamplona Capital, which includes Russian billionaire Mikhal Fridman’s Alfa Group as a key investor, is one of the bidders competing to buy the iconic British-owned boot brand.

Other companies said to be in the running to purchase Dr Martens include transatlantic buyout firm Warburg Pincus and British private equity firm Electra Partners.

Dr Martens’ owners, R Griggs Group, appointed investment bank Rothschild in February to seek out potential buyers.

Last month it was reported that the Griggs family were seeking up to £200m for the brand, due to strong interest from buyers.

Dr Martens boots were originally designed as standard footwear for the German army. The brand now sells boots, shoes and clothing under the Dr Martens label.

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