The owner of Dr. Martens, the famed British footwear brand, is planning an initial public offering on the London Stock Exchange, according to a filing on Monday.
Private equity owner Permira is expected to sell at least 25% of the business. The brand, which evolved into a symbol of rebellious youth culture, has continued to thrive during the coronavirus pandemic. Dr. Martens sells more than 11 million pairs a year in more than 60 countries.