Dr Martens profits take big stride forward

BRITISH footwear brand Dr Martens has posted a leap in sales and profits in its first year since being bought out by private equity firm Permira. Revenues rose by 30 per cent to £209m in the year to March, as the retailer increased the number of shops from 13 to 41 across the US, Europe and Asia. Underlying earnings rose by one-third to £33.9m, Companies House records show.