Doc Martens plans to sell shares on London Stock Exchange

Photo courtesy of cbsnews.com

Current investors in Doc Martens Ltd. stated they were planning to sell 25% of their shares in the company on the London Stock Exchange to profit from the growing popularity of the brand.

The company was bought for $400 million by private equity investor Permira Funds in 2014. Reportedly the company’s revenue jumped up 39% in the last two years and is now making $900 million per year. Their online sales are also growing to go along with making money from 130 stores in 60 different countries.

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