fbpx

Dr. Martens boss to net estimated £58m from float

Dr. Martens boss to net estimated £58m from float

The chief executive of Dr. Martens will net an estimated £58m from its blockbuster stock market listing launched today. Kenny Wilson only joined

RUTH SUNDERLAND: We need a Budget for jobs
Shops and offices have been shuttered – so is UK commercial property still worth investing in?
Which shops ARE open today? Full list including Debenhams, Primark and Home Bargains

The chief executive of Dr. Martens will net an estimated £58m from its blockbuster stock market listing launched today. 

Kenny Wilson only joined from Cath Kidston in 2018 but will share in the windfall thanks to the boot-maker’s £3.5billion valuation. 

Payout: Kenny Wilson (above left) only joined from Cath Kidston in 2018 but will share in the windfall thanks to the boot-maker's £3.5billion valuation

Payout: Kenny Wilson (above left) only joined from Cath Kidston in 2018 but will share in the windfall thanks to the boot-maker's £3.5billion valuation

Payout: Kenny Wilson (above left) only joined from Cath Kidston in 2018 but will share in the windfall thanks to the boot-maker’s £3.5billion valuation

The brand, which traces its roots back to 1901, has become popular with fashionistas such as Rita Ora. 

The firm has flourished under private equity firm Permira, which bought it in 2013 and multiplied sales six-fold to £672m. 

It will publish its prospectus today before next month’s share sale. 

The valuation would hand £350m to 22 senior staff including chairman Paul Mason, the Sunday Times reported. 

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS:
%d bloggers like this: