Rumours that Dr Martens could fetch as much as £1bn seem to be on the ball, and even a possible underestimation. Its private equity owners are reportedly seeking at least that figure to sell the expanding company.
U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources told Reuters.
The Spanish group, which owns Cortefiel, Springfield and Women'Secret, reported a sales increase of 0.9% to €559.5 million in the first half of the year, boosted by the strong performance of its e-commerce business.
Permira will help the 10-year-old Los Angeles-based brand to achieve its growth plans, expand its e-commerce strategy and retail footprint both domestically and internationally, and launch new product categories.
Online payments services firm Klarna has launched a share issue to raise 1 billion Swedish crowns ($108 million) from existing investors and said it plans a larger external fundraising round later this year.