Dr Martens treads towards London flotation but valuation is unclear

Dr Martens treads towards London flotation but valuation is unclear

The British footwear brand Dr Martens has confirmed plans for a London flotation that will see its private equity owner sell down its stake.The company, sold by the Griggs family in 2014 for £300m, said the stock market listing being considered would consist of a sale of shares held by Permira and some other existing investors.

Sky News revealed in November that Wall Street banks Goldman Sachs and Morgan Stanley had been appointed global coordinators of the blockbuster flotation.

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Kenny Wilson, CEO, Dr Martens



Previous efforts to sell the business failed to attract offers that reached Permira's valuation.The brand has flourished under its control, reporting an average 20% to 30% revenue growth in recent years.

Dr Martens, whose boots have had spells in and out of fashion since