Dr Martens on the verge of being sold

Inside Dr Martens' Wollaston factory
Inside Dr Martens' Wollaston factory

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.