BusinessBusiness RecoveryKPMG to rescue Dr Martens’ soles

KPMG to rescue Dr Martens' soles

Corporate turnaround specialists from KPMG are to perform a 'fundamental' review of troubled bootmaker Dr Martens amid plunging sales and increasing overseas competition.

Despite diversification into clothing and a brief mid-90s revival as the footwear of choice for the ‘grunge’ generation, sales have declined and are expected to be well below the 5m pairs sold last year.

Parent company R.Griggs has been forced to close one of its three remaining UK factories and more cuts are thought likely.

The company plans to maintain output at its two remaining UK factories and the brand remains fully backed by family shareholders Max and Stephen Griggs.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor