22-04-2024 08:31 via retailgazette.co.uk

Dr Martens faces potential takeover as firms circle

Dr Martens is being circled by various firms looking to snap up the embattled footwear retailer.
An anonymous hedge fund investor told This is Money: “We met with management and there’s something in the offing.”
Potential buyers could include Louis Vuitton-owner LVMH as well as VF Corporation in the US, the company behind Timberland, Vans and the North Face.
Last week, Dr Martens raised its fifth profit warning in three years and revealed its CEO Kenny Wilson would be stepping
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