From work shoes in the 60s to iconic boots that have passed through the feet of the members of The Who, Nirvana, Pearl Jam, by those of Pope Juan Pablo II and for all ‘celebrity’ worth its salt, to give just a few examples. And yes, it was also part of the wardrobe and identity of a whole generation of teenagers in the nineties. After turning sixty years in the middle of a pandemic and resisting the threat of the crisis and Brexit, Dr. Martens is now studying his London IPO.
The British shoe manufacturer, which is owned by the Permira fund (acquired in 2014 for 333 million euros through its Luxembourg company IngreLux), it sells 11 million pairs of shoes a year in more than fifty countries. Through a presentation the company has confirmed that will place at least 25% of its share capital without issuing new shares in what will be one of the first IPOs in the City this year.
“The company is considering applying for admission of its ordinary shares to the premium trading segment of the FCA (the British regulator) and to be listed on the main market of the London Stock Exchange,” the firm announced. Dr. Martens has hired Goldman Sachs International and Morgan Stanley International as coordinators of the operation and has Barclays, HSBC, Merrill Lynch y RBC Europe as placement entities, while Lazard acts as a financial advisor.
His case is not the only one, since there is also talk of a possible premiere on the market of companies such as the food delivery company Deliveroo, McLaren Group O Jaguar Land Roveras well as the craft brewery BrewDog. The fact that London and Brussels could close their trade agreement, even if it is minimal, and the start of vaccination on a global scale that makes it possible to foresee that the recovery of the economies may gradually gain traction, has encouraged all these companies to rethink their future as listed companies.
The pandemic, which forced the firm led by Kenny Wilson After closing its stores for months, it boosted its Internet sales to double, so that its semester income (which goes from April to September) increased by 18% to 318 million euros compared to the same period of the previous year. The company sold 5.5 million pairs of shoes in that time.
HISTORY OF AN ICONIC BRAND
- The creator of the boots was the German doctor Klaus Martens. The idea for his first design is said to have come to him at the end of the Second World War after injuring his ankle while skiing in the Alps.