Boot up: Dr Martens poised for private-equity sale

The family owners of Dr Martens are on the verge of a £300 million windfall as part of a deal to sell the boot brand to a private-equity firm.

Permira, which already owns high-street names including New Look and Hugo Boss, is understood to be in advanced talks with the Griggs family, who have owned Dr Martens since 1960.

Sources close to the deal said it could be completed within a month and would be the second time the company has been put up for sale in the last two years.

R Griggs Group held an auction but failed to attract high enough bids, despite interest from major investors and businesses.