The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Permira Advisers LLP, the London- based private-equity firm that owns clothing brand Hugo Boss, agreed to buy British boot maker Dr. Martens for 300 million pounds ($486 million).
The buyout firm will acquire the Northampton, England-based boot maker’s parent company, R. Griggs Group Ltd., the company said in an e-mailed statement today. The transaction is scheduled to be completed in January.
"Permira Funds have expertise in backing global brands, demonstrated with Hugo Boss and Valentino," Cheryl Potter, partner and head of the consumer team at Permira, said in the statement. "We are looking forward to supporting the management team in this exciting next phase."
Dr. Martens boots, known for their thick, air-cushioned sole, gained popularity in the 1960s and spread to punk-music fans and rock stars including The Who’s Pete Townshend. The footwear is sold in 63 countries, the company said.
By Kiel Porter; Editors: Jon Menon, Steve Bailey.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.