Dr Martens on the verge of being sold

Inside Dr Martens' Wollaston factory
Inside Dr Martens' Wollaston factory
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Iconic Northamptonshire footwear company Dr Martens is on the verge of being bought by a private equity firm, according to reports.

The Wollaston-based company is in talks with Permira - owners of Hugo Boss and New Look.

Current owners of Dr Martens, R Griggs Group, is said to be in ‘advanced negotiations’ about a deal that could be tied up as soon as next month.

The cost to Permira has not been made public but sources say it will be around £300m.

If the deal is confirmed, Permira would take control of R Griggs Group but may only acquire a licence to use the Dr Martens name, with the family retaining outright ownership of the brand.