Will Dr Martens continue to get a kicking after full-year results?
Sales growth in China and America will be eyed after weak performances in the third quarter
Company
LON:DOCS
Dr. Martens PLC is a boot maker and retailer. With a first '1460' eight-eyelet boot made on 1 April 1960 in Wollaston, England, based on a design from German doctor Klaus Märtens to relieve back pain, has become one of the most recognised footwear brands in the world. Dr. Martens operates across three geographic regions: EMEA, Americas and APAC. Product segments include Originals, Fusion, Kids and Casual and a complementary range of Accessories.
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Sales growth in China and America will be eyed after weak performances in the third quarter
As a result of Covid-19's impact on global manufacturing and shipping, wholesale performance was lower than expected, the iconic boot manufacturer said
The private equity company now holds around a 36.4% stake in the bootmaker
Barclays Capital has upgraded its stance on stock in the fashion boot and shoe maker
America stood out with revenues there up by 106% said the group
The shares fell 9% but still look highly valued to one broker
The government has recently released a review of the UK listings regime to remain competitive compared to global exchanges
Barclays and Peel Hunt are sitting on the fence, while RBC Capital Markets sees value
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"We see much to like and many reasons to be a buyer on weakness"
It's a fertile time for fundraisings as companies of all sectors seek a UK listing
After a quiet January for London IPO, Dr Martens and Moonpig are due to float soon, with others lining up
Full trading in the boot-maker's shares begins next Wednesday
The iconic bootmaker said it plans to complete its float in early February, with some reports estimating the IPO could value the firm at £1bn
The original 1460 eight-eyelet boot with yellow welt stitches was the invention of the German doctor Klaus Märtens, who designed it to relieve back pain
It is unclear what valuation the shoemaker and retailer would achieve