×
2 532
Fashion Jobs
HEAD OFFICE
Information Security Threat Management Specialist
Permanent · BRACKNELL
URBN
Urbn - HR Manager, Distribution Centre
Permanent · PETERBOROUGH
AESOP
Retail Consultants | Full-Time | Aesop Central London Locations
Permanent · London
HARRODS
Buyers Clerk Ftc
Permanent · LONDON
HARRODS
Buyer's Clerk - Furniture
Permanent · LONDON
HARRODS
Buyer's Clerk
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer, Milton Keynes - 11 Hours / Week - Part Time, Permanent
Permanent · Milton Keynes
ESTEE LAUDER
Clinique - Consultant - Boots Canary Wharf Jubilee, London - 7.5 Hours, 1 Day - Part Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Selfridges, London - 37.5 Hours, 5 Days - Full Time, Permanent
Permanent · London
ESTEE LAUDER
Clinique - Consultant - Marks & Spencer, Leeds - 8 Hours - Part Time, Permanent
Permanent · Leeds
ESTEE LAUDER
Mac - Area Sales And Education Manager - Central London - Maternity Cover
Permanent · London
FOUR SEASONS RECRUITMENT
Wholesale Sales Manager
Permanent · LONDON
BOOHOO GROUP
Stock Team Manager - Twilight
Permanent · CRICK
REISS
Business Applications – Support Analyst
Permanent · LONDON
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
HEAD OFFICE
Category Strategy Manager
Permanent · BRACKNELL
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 22.5 Hours, 3 Days - Part Time, Permanent
Permanent · Dartford
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Dartford
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELMSFORD
Ads
Published
Mar 9, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Carlyle set to win race to buy Dr Martens

Published
Mar 9, 2020

It looks like Dr Martens will be under new ownership soon with American private equity giant Carlyle set to win the race to acquire it.


Dr Martens



Dr Martens is currently owned by UK-based investment firm Permira and it's unclear how much Carlyle is paying (there had been speculation of a price tag close to £1 billion). Reports at the weekend said Carlyle would be paying “more than £300 million”. That's a given really as Permira paid around £300 million for the brand in 2014. How much more Carlyle is paying though is unknown.

There had been talk last year that the company might opt for a stock market flotation, although it seems certain that this is now off the table.

Permira has overseen fast growth for the company in recent years and that growth has been impressive. In the latest period for which we have seen the accounts (the 12 months to March 31 last year), the company’s revenue had risen 30% to £454.4 million and its profit on an EBITDA basis leapt by as much as 70% to £85 million. There have been reports that Permira told potential bidders the company should be able to double its underlying earnings in the current 12 months. 

This growth has been helped by the increasing cool factor that surrounds the brand as it has expanded its reach to new consumers and appealed widely across the age groups and to both men and women. It has also launched some interesting collaborations, most recently (last month) with Hello Kitty and with Raf Simons for the 60th anniversary celebration of its Original 1460 boots.

Permira meanwhile is continuing to show its interest in both the fashion sector and the footwear category. The company has recently become the owner of hot brand Golden Goose, buying it, interestingly, from soon-to-be Dr Martens owner Carlyle.

Of course, Dr Martens isn’t a done deal yet and with none of the parties involved commenting, we’ll just have to wait and see on price, timing and future plans.

Copyright © 2022 FashionNetwork.com All rights reserved.