Find in the news:
BY COUNTRY

The Dr. Martens brand will make its employees millionaires



The public offering of the iconic brand could bring in up to 50 multimillionaires.
Dr. Martens - Depositphotos

The famous shoe brand Dr. Martens, the Permira company, has announced its plans for a public offering on the London Stock Exchange. It is expected that at least 25% of the world-renowned brand's business will be sold.

The sale of shares, as experts predict, will have a beneficial effect not only on the businesses that own them but also allow several individuals to become rich. The public offering will bring the partners of the private company Permira, which has owned Dr. Martens since 2014. The business's management, not just a large income but impressive sums. According to preliminary calculations, about 50 people will wake up as multimillionaires after the sale of shares. 

It will happen thanks to the practice of "percentage income," through which a portion of the investment profits are given to the private company's teams and managers. This method makes it possible to encourage the company's managers and partners and interest them in the entire enterprise's success. The size of such a bonus usually amounts to about 8-20%. Still, when it comes to placement of shares of Dr. Martens, the brand, whose sales amounted to $900 million in March 2020, this bonus can turn into a multi-million dollar sum. 

The exact amount of payments is unknown because of the number of shares sold, the number of people who will receive a bonus, and the conditions for its receipt. However, experts have named amounts ranging from 6.6 to 9 million pounds sterling ($9 to $12 million).

The famous Dr. Martens shoes came into being back in 1945 when their creator was a former soldier, Dr. Klaus Martens. Although initially considered suitable for the older generation, such shoes were discontinued because of their increased comfort. The brand reached its peak in the '60s when the Martens became an iconic item and a cultural symbol for an entire generation.

Photo credit: depositphotos.com.

More about shopping malls in the United Kingdom



Jun 10, 2021, USA:
The National Retail Federation predicts the market will experience the kind of rapid growth "the country hasn't seen since 1984.
Jun 9, 2021, USA:
Several Microsoft experience centers leftover from what was once a large chain of stores will offer more information and the opportunity to buy the company's technology.
Jun 7, 2021, USA:
The billionaire announced that he would fly into space on his own company's ship. The estimated date of flight is July 20th.
Jun 4, 2021, USA:
The three-level retail space in New York City spans about 2,000 square meters.
Jun 4, 2021, USA:
A mall owner has sued Victoria's Secret, saying the company closed the store without paying rent.
Jun 3, 2021, USA:
The company is entering a new market in hopes of recovering from the pandemic.
Friend
and Follow
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us