Dr Martens pays back furlough money after pandemic sales surge June 17, 2021 Dr Martens has handed back money borrowed under the Covid furlough scheme after reporting strong revenue growth in its first results as a publicly-listed company. The British bookmaker said it received £1.3m under the government’s job retention scheme in the early part of the pandemic, but had since returned the funds. It came as the [...]
Dr Martens confirms plans to float on LSE January 18, 2021 Dr Martens has confirmed it intends to float on the main market of the London Stock Exchange, with admission currently expected in early February. The company intends to apply for admission of the shares to the premium listing segment of the Official List of the Financial Conduct Authority, and to trading on the London Stock [...]
FTSE reshuffle: Newcomers Dr Martens and Moonpig battle for promotion February 23, 2021 The FTSE 100 is set for another reshuffle next week as the blue-chip index adapts to the pandemic and makes way for a handful of newcomers. FTSE Russell, which runs the index, will decide who’s up and who’s down according to closing prices on 2 March, with changes effective from 19 March. Despite the pandemic [...]
Dr. Martens gearing up for stock market float January 11, 2021 Dr. Martens is readying itself for an IPO, and hoping to trade on the main market of the London Stock Exchange after more than 60 years in business. The iconic footwear brand has engaged Goldman Sachs and Morgan Stanley as join global co-ordinators, and Barclays, HSBC, Merrill Lynch and RBC Europe as joint bookrunners in [...]
Dr Martens valued at more than £3.7bn in London IPO January 29, 2021 British bootmaker Dr Martens started its London IPO in style on Friday, attracting bumper demand in a sale valuing the company at £3.7bn. Dr Martens’ shares were up 19 per cent in their market debut after the company priced the deal at 370p a share, raising nearly £1.3bn. Known for its chunky boots, Dr Martens [...]
Dr Martens to announce cornerstone investors in £3.5bn London listing January 24, 2021 Iconic footwear brand Dr Martens will launch a £3.5bn London listing tomorrow, with the retailer’s top management set to pocket multimillion-pound payouts. Dr Martens is expected to announce tomorrow that it has secured cornerstone investors when it publishes the prospectus for a share sale ahead of the initial public offering (IPO) next month, The Sunday [...]
Moonpig nosedives after private equity firm sells 25m shares April 26, 2024 Thursday proved to be the worst day of trading in three years for personalised card company Moonpig, after a private equity firm sold 25 million of shares in the firm.
Dr Martens returns government furlough money after ‘resilient’ trading August 12, 2020 British shoe brand Dr Martens has returned money from the government’s coronavirus job retention scheme due to resilient trading during the pandemic. Dr Martens, which closed all of its stores in Europe, the Middle East, Africa and America from 16 March, said it had repaid the funds from the UK government furlough scheme. UK-based retail [...]
Global Britain spreads its Brexit wings as UK retailers plan to expand overseas with EU and Australia favourites July 5, 2022 A range of British retail giants is eyeing to expand internationally as they are seeking to spread their wings amid a bounce-back in activity following the pandemic. Experts at real estate advisory firm Colliers said demand for UK locations from international firms has also lifted higher as shopper demand remains resilient despite fears over cost-of-living [...]
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023 January 29, 2024 In the final quarter of last year, listed companies issued 77 profit warnings according to EY's profit warnings monitor.