Shoe brand Dr. Martens has been sold by the Griggs family to investment firm Permira Funds for £300m, ending 50 years of family ownership.
The deal will add to Permira existing fashion business portfolio which includes brands such as Hugo Boss and New Look. Dr. Martens employs 700 people worldwide, including 350 people in Britain and its shoes are sold in 63 countries. The first Dr. Martens boots in the United Kingdom came out on 1 April 1960 (known…
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