Dr Martens was on the back foot after its previous owner and biggest shareholder flogged a chunky stake in the group. Private equity firm Permira sold a 6.5 per cent holding in the bootmaker worth £257million – almost as much as it paid for Dr Martens in 2013. Private equity firm Permira sold a 6.5% holding in Dr Martens worth £257m. In this week’s deal, Permira sold the 65m shares for 395p, which was at a discount to its price the day before. Shares in Dr Martens tumbled 10.8 per cent, or 45.2p, to 376.2p, making it the biggest faller across the FTSE 350.

Source: Daily Mail January 07, 2022 03:04 UTC