Footwear brand Dr Martens has confirmed that IngreGrsy has acquired a 38.46% stake following a restructuring in owner Permira’s buyout fund, Permira V.

IngreGrsy, based in Guernsey, replaces the Luxembourg-based IngerLux as the majority shareholder, with the shareholding transferred accordingly.

Permira acquired Dr Martens in 2014 for £300 million and listed it on the London Stock Exchange in 2021.

Dr Martens recently announced cost-cutting measures to save up to £25 million this financial year, following a 43% drop in profit before tax to £97 million for the year ending 31 March 2024.

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