Reports are that US Carlyle Group LP is looking to be the most likely buyer of Dr Martens from Permira. Talks have been ongoing between the parties and others since November for the cult footwear business which sells around the world. Permira acquired DR Martens in 2014 for c£300 million and market watchers expect it to sell for three times that amount.
With 77 per cent of the brand’s sales generated outside of the UK, the business generated sales of £454.4 million for the year to 31 March 2019, with EBITDA of £80 million.
Share