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Dr Martens

Dr Martens brand to be sold to New Look owner for £300m?


By Jennifer Faull, Deputy Editor

October 18, 2013 | 1 min read

Dr Martens is reportedly in takeover talks with Permira, a private equity firm which owns brands including New Look and Hugo Boss,

R Griggs Group, owner of the shoe brand, is reportedly in advanced negotiations with the frim, although it is not yet known if Permira would take control of the company or simply the Dr Martens name.

Sources reportedly told Sky News, which first broke the news, that the deal could be worth as much as £300m.

The Griggs family have already tried to sell the brand, but at an auction in 2012 buyers failed to meet the asking price and the sale was abandoned.

A spokesperson for Permira was unable to comment on the matter.

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