Chunky boot creator Dr. Martens is hoping to take itself public.
The UK-based footwear brand, famous with superstars like Uma Thurman, Kristen Stewart and Gigi Hadid, needs to drift around 25 percent of the company’s offers on the London Stock Exchange, as per an administrative recording on Monday.
The company is as of now possessed by private-value monster Permira, which purchased the 60-year-old company from the Griggs family in 2013 out of a $410 million arrangement and desires to sell down its stake as a component of the IPO.
In an assertion, CEO Kenny Wilson promoted “the critical worldwide development potential for Dr. Martens later on. Our notorious image offers to an assorted scope of consumers around the globe who wear our footwear to communicate their individual style.”
In excess of 11 million sets of Dr. Martens shoes are sold every year in 60 nations. The company, with 130 stores the world over, had deals of $920 million in the a year through March 31 and made benefits of $138 million, as indicated by the documenting.
It began as a work boot yet “was immediately embraced by youth societies as an image of their individual self-expression and rebellious spirt,” as indicated by the documenting.