×
2 603
Fashion Jobs
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Operative - pm Shift
Permanent · WELLINGBOROUGH
BOOHOO GROUP
Product Insights Manager
Permanent · MANCHESTER
BOOHOO GROUP
Technical Delivery Manager
Permanent · MANCHESTER
Ads
Published
Jan 7, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dr Martens shares fall as former owner sells part of its holding

Published
Jan 7, 2022

Dr Martens shares continued their downward slide on Friday after Thursday had seen them plummeting from around £4.21 each to £3.80 as the firm’s biggest investor reduced its holding.


Dr Martens



But the fall on Friday was less extreme with the shares down by just a couple of percent in early trading.

It came as private equity firm Permira sold millions of shares at £3.95 each. The stake sale raised £257 million but it didn’t mean that Permira has backed away from its involvement in the footwear specialist as it retains a 37% stake, having sold a 6.5% holding.

The 13% fall at one point on Thursday was the largest ever fall Dr Martens had witnessed during its almost-a-year on the stock market.

The sale makes sense for the private equity business that has controlled Dr Martens since 2014. Permira has profited handsomely from the company having originally paid £300 million to take control of it eight years ago. It had a 75% stake when the firm was listed last January and so already realised huge profits from the stake sold at the Dr Martens IPO. The buoyant shoe business has a current market capitalisation of £3.71 billion, making the former owner’s remaining 36% stake worth around £1.3 billion.

Analysts expect Permira to continue selling shares, although it hasn’t commented on this.

Relative newcomers to the stock exchange can see their share prices being extremely sensitive to big stake sales, although in the case of Dr Martens, it appears it’s not linked any lack of confidence in the company that has continued to turn in stellar results in recent periods.

Copyright © 2022 FashionNetwork.com All rights reserved.