Double-digit growth for Dr Martens

Published:  23 October, 2018

The iconic British footwear brand has reported revenue up +33% to £50 million (US$64.94 million) in the year to March, with sales up +20% to £348.6 million (US$452.84 million).

Dr Martens says it has recorded strong sales in Europe and the Middle East, with 40% of its revenues direct to consumers sales. The bootmaker, which started production in Northampton, UK, opened 25 new stores in the period and currently owns 94 stores worldwide. Comparable sales rose +7%, with growing demand for children’s models.

Founded by the Griggs family, private equity firm Permira acquired a majority stake in 2014, in a deal worth £300 million (US$390 million).