Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Permira Said in Talks to Buy British Brand Dr. Martens

Oct. 18 (Bloomberg) -- Permira Advisers LLP, the London-based private-equity firm that owns clothing brand Hugo Boss, is in advanced talks to buy iconic British punk-boot maker Dr. Martens, said a person with knowledge of the negotiations.

The buyout firm may pay about 300 million pounds ($485 million) to family-owned R. Griggs Group, which holds 91.5 percent, in a deal that would include the license to use the Dr. Martens brand, said the person, who asked not to be identified because the talks are private. An agreement could be reached as early as next month, the person said.

The acquisition would fit Permira’s strategy of buying well-known retail brands, including Hugo Boss and New Look. Dr. Martens boots, known for their thick, air-cushioned sole, gained popularity in the 1960s and ultimately spread to punk-music fans and rock stars including The Who’s Pete Townshend.

The talks were reported earlier by Sky News.

To contact the reporter on this story: Aaron Kirchfeld in London at akirchfeld@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.