According to a Sky News report, R Griggs Group is in “advanced” talks with Permira to sell its Dr. Martens brand. An agreement, which could value the footwear business at $485.4 million, may be settled as soon as next month, the report added.
It is not certain whether ownership of the brand name will be passed onto the private equity firm, which has shares in UK value apparel and footwear retailer New Look, German fashion business Hugo Boss and Spanish fashion retailer the Cortefiel Group.
Both Permira Advisers and R Griggs Group declined to comment on the matter when contacted by just-style today.
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