UK footwear brand expected to launch market listing on Monday, with CEO in line for stake worth £58m
The British footwear brand Dr Martens is expected to launch a stock market flotation on Monday that would value the Northamptonshire firm at £3.5bn and generate a huge windfall for its bosses and backers.
The company, known for its boots with chunky air-cushioned soles and distinctive yellow stitching, was owned until 2013 by the Griggs family, who sold to the private equity investment group Permira for £300m but retained a near-10% stake. Just seven years later the business has soared in value and when it lands on the stock market will create numerous multimillionaires.
Continue reading...source https://www.theguardian.com/business/2021/jan/24/dr-martens-bosses-and-backers-set-for-huge-windfall-in-35bn-float-stock-market-flotation
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