Goldman Sachs – Dr Martens to fill boots with £3.5bn float | Business
Dr Martens is set to launch a £3.5bn stock market float tomorrow that will shower multimillion-pound windfalls on senior staff — including £58m for its chief executive, who joined less than three years ago.
The boot-maker, popular with skinheads in the 1960s, punks in the 1970s and now fashionistas, is expected to say it has secured cornerstone investors as it publishes the prospectus for a share sale next month.
The brand has boomed under private equity ownership. Since it was bought by Permira in 2013, sales of its distinctive footwear, including its classic 1460 boots, have multiplied almost six-fold to £672m.
Bankers at Goldman Sachs and Morgan Stanley are understood to have indicated that Dr Martens will be valued at about £3.5bn. That would crystallise