dr martens 1460 8 eye boot Dr Martens owner is bought
Dr Martens now sells about five million pairs of shoes a year. Most are made overseas, but 70,000 a year are still produced at its factory in Northampton.
Under the leadership of chief executive David Suddens, Dr Martens has doubled the size of the business over the last four years.
it has opened 30 Dr Martens stores and intends to open another 40 over the next four years, with a particular focus on China
Mr Suddens told the BBC that Permira had “bought into” the current management’s growth plan and was “excited” about the growth prospects.
“The Permira Funds respect that heritage and wants to support the management team in nurturing it,” he said.
He also said the company was working on new products for the US, which accounts for more than 40% of its sales.
Dr Martens expects to make a profit of more than 30m this year. The BBC is not responsible for the content of external sites. Read about our approach to external linking.