The retail environment may be tough but Dr Martens seems to be prospering with it saying Monday that revenue soared 25% to just over £290m in the year to March. Underlying profit rose an even bigger 27% to £37.5m.
The iconic footwear brand will open its third store in France, setting up shop in the Quatre Temps building in La Défense, a business area outside Paris' city centre. Covering 90 square metres, it opens November 10.
Dr. Martens has announced that its chief executive officer Steve Murray is leaving the company to enable the “next phase of its history”. Chairman Paul Mason will take over until a new chief executive is appointed.
The buzz around the potential sale of matchesfashion.com is at fever pitch with the suggested £600 million sale price now rumoured to be £800 million as private equity groups line up to bid for the luxury e-tailer.
Is Matchesfashion set to be the latest business snapped up by an investment fund? Rumours have been swirling around the luxury e-tailer for months, but now it seems it really in in talks with investors about a takeover.
According to the Spanish business newspaper Expansión, the venture capital firms KKR, Permira, Bain and BC are in the final stages of negotiation to purchase the wedding label for a sum of more than 300 million euros.