{
Dr. Martens plc

Companies

}

dr martens owner invests in k-way to boost global expansion

Permira Growth Opportunities II has acquired a significant minority stake in the French outerwear brand K-Way from BasicNet, aiming to strengthen its market presence in France and Italy. The investment will support the expansion of K-Way’s product range and store portfolio, highlighting Permira's commitment to global brand growth. Sebastien Floch, Permira’s principal, noted K-Way’s unique value and alignment with their investment strategy focused on iconic brands.
Financial News
British Pound Sterling Euro Golden Goose Dr. Martens plc BasicNet S.p.A. Permira Capital Ltd. ITA FRA Griggs family Sebastien Floch Show more
Finance & Economy, Market Report
16:49 28.10.2024

dr martens restructures operations to address financial challenges and leadership change

Dr Martens is undergoing a strategic restructuring, cutting approximately 150 roles at its UK and US headquarters to save £20-25 million amid significant financial challenges, including a 12.3% revenue decline and an 87% drop in share price since its 2021 listing. As CEO Kenny Wilson prepares to step down in March 2025, Chief Brand Officer Ije Nwokorie will take over, aiming to revitalize the brand and enhance operational efficiency. The company emphasizes its commitment to supporting affected employees while focusing on long-term sustainability and market competitiveness.
Financial News
British Pound Sterling Dr. Martens plc GBR Ije Nwokorie Kenny Wilson
Finance & Economy, Market Report
16:08 04.10.2024
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