Posted: 6/18/2012
The Griggs family, which put Dr Martens up for sale earlier this year, expects to net as much as £200m for the iconic brand from suitors, which is significantly more than was first expected, according to reports in the U.K. press.
The family hired Rothschild earlier this year to manage the sale and second-round bids are due this week. The private equity firm Electra Partners is among those seeking to acquire Dr Martens, and suitors have been told they will have to pay up to £200m.
Dr Martens is run by Max Griggs, whose father acquired the brand in 1960 from German owners.
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