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Dr Martens began planning to join the stock market.
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[Image: 813e278afd4fe9ab68fa3377c5ce7664]


Shoe brand Dr Martens is considering selling its stakes to investors in the stock market.The shoemaker sells 11 million pairs of shoes annually in more than 60 countries, with annual sales of £ 672 million.The best known product is the Eight Hole 1460, which was first produced as a work shoe in Northampton in 1960.Dr Martens' latest figures show an increase in sales despite Covid-related restrictions in stores, as it increases direct sales to consumers.The company has 130 stores around the world, but its drive online sales now bring about a fifth of its revenues.The group's income for the six months to September 2020 was 318.2 million pounds, an 18 percent increase over the previous year despite being hit by the outbreak.
It also sells a large number of slotxo products through other retailers. But said that he would like to continue expanding his own retail businessThe cushioning of the company was developed by Munich-based Dr Maertens and Dr Funck and sold the patent rights in the UK to the R Griggs Group.The shoes formed as a result of their cooperation were initially sold as work shoes. But it was adopted by the skinhead youth movement in the 1960s.The boot was also popular in the 1970s and there was another resurgence when Britpop appeared in the 1990s.The company has been owned by Luxembourg-based IngreLux since 2014 in connection with private equity giant Permira.
Kenny Wilson, Chief Executive Officer of Dr Martens, said the business has "Significant global growth potential", adding that the company has invested heavily. "Dr Martens kickstarts plans to join the stock market both online and in-store.The company believes it has identified an additional 154 million potential customers in its core markets, higher than 16 million who actually bought products from the company over the past two years.
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