Dr. Martens considers London IPO
3 years, 11 months ago

Dr. Martens considers London IPO

CNN  

London CNN Business — Iconic footwear brand Dr. Martens is considering a listing on the London Stock Exchange amid a bullish outlook for the UK IPO market in 2021. The company, which sells 11 million pairs of shoes a year in more than 60 countries, said in a filing on Monday that an IPO would entail the sale of at least 25% of its shares by existing owners, including private equity firm Permira. Dr. Martens has profited from a shift towards online shopping during the pandemic, but it is also reliant on “fickle fashion tastes,” which could change in future, she added. Permira bought Dr. Martens in 2014 for €380 million and has invested in its direct-to-consumer channels, including company-owned physical stores and e-commerce.

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