Companies

New majority shareholder at Dr. Martens

Jun 14, 2024 United Kingdom

The British footwear company has announced that the Guernsey-based IngreGrsy has acquired a 38.46% stake in the brand as part of a restructuring within owner Permira’s buyout fund

As such, IngreGrsy replaced Luxembourg-based IngreLux as the majority shareholder in Permira V, the global private equity fund under British global investment firm Permira.

In the statement, the company noted that Permira V Fund’s ownership structure has remained unchanged otherwise and continues to be controlled by Permira V GP Limited.

Permira acquired Dr Martens from the Griggs family in January 2014 for 300 million British pounds. Under its ownership, Dr Martens was listed on the London Stock Exchange at a value of 3.7 billion British Pounds in January 2021.

However, the company has come under scrutiny from shareholders in recent months following a series of disappointing financial results. In April, Dr. Martens issued its fifth profit warning in three years.

Image Credits: mosaic-lille.fr

United Kingdom Companies Dr. Martens Footwear Management