Dr Martens could soon be up for sale or on the stock market

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Dr Martens
// Permira plans Dr Martens sale or US listing as brand growth continues
// Comes as Dr Martens continues growth and expansion
// Permira bought Dr Martens from the Griggs family in 2014 for £300m

The parent company of Dr Martens is planning sell the business or float the iconic British brand on the US stock market.

According to Sky News, Permira – which acquired Dr Martens for £300 million in 2014 from the founding Griggs family – is currently preparing to appoint advisers to review the footwear retailer’s options.

Permira is reportedly mulling a potential listing of Dr Martens on the US stock exchange or to sell the business as a whole.

It’s thought that Dr Martens is now worth more than double what Permira paid for it.

Dr Martens has grown since Permira took control and in the year to March 31 last year, it saw both sales and profits growth hitting high double-digits.

Neither Permira nor Dr Martens have commented on the Sky News report.

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