Carlyle escalation: taking off Golden Goose sneakers to slip into Dr. Martens boots? Sky News, quoting confidential sources, launched the breaking news. The US fund would be interested in the iconic British brand. The representatives of Carlyle and Permira, current owner of Dr. Martens, did not comment.
The first step in Carlyle’s strategy concerns Golden Goose. The US fund has commissioned Merrill Lynch business bank to evaluate a possible sale, with an “objective evaluation” of one billion euros. Alternatively, the way out would be a stock exchange listing. Sources say the deadline for the operation comes within the first half of 2020. The list of possible suitors could be very long.
Perhaps the operation is on its way
Maybe Carlyle has completed the sale (or is about to close it). At this point, they could reinvest the proceeds on another footwear brand. Who knows, maybe. The picture so far emerged, is that the US fund would open Dr. Martens’ file. According to people informed about it, Carlyle is in the preliminary stages: “No final decision has been taken – writes Business of Fashion – and other suitors of Dr. Martens could emerge”.
The picture of Dr. Martens
Permira purchased Dr. Martens in 2014 for 300 million pounds. After having it evaluated, they want to get out of the business by collecting capital gain. According to rumours, it could be around 900 million pounds. The other solution that Permira is evaluating together with Goldman Sachs and Robert W. Baird&Co is an IPO, being the listing on the stock exchange. (mv)