2 months old
This article is more than 2 months old
UK footwear brand expected to launch market listing on Monday, with CEO in line for stake worth £58m
Cherry reds. People in Dr Martens attend skinheadsâ Seaside Reunion Weekend in Brighton. Photograph: Alan Crowhurst/Getty Images
Cherry reds. People in Dr Martens attend skinheadsâ Seaside Reunion Weekend in Brighton. Photograph: Alan Crowhurst/Getty Images
Sun 24 Jan 2021 14.23 EST
The British footwear brand Dr Martens is expected to launch a stock market flotation on Monday that would value the Northamptonshire firm at £3.5bn and generate a huge windfall for its bosses and backers.
Coronavirus related artwork displayed on screens in the window of the Flannels clothing store on Oxford Street in London. Photograph: Matt Dunham/AP
Mike Ashley’s Frasers Group is thumbing its nose at the high street downturn by opening of three giant flagship stores for its designer fashion chain Flannels – and plans for 15 more in the next five years.
The former House of Fraser at the Meadowhall shopping centre in Sheffield, and a former Owen Owen department store in Liverpool, are to become Flannels outlets, as well as a site in a new development at Leicester’s Fosse Park shopping centre.