Clothing & Shoes

Dr Martens profits drop 30% amid IPO related costs

Profit was also impacted by the group’s repaying of £1.3m furlough related monies from its total £1.9m that it received in government grants early on in the pandemic

Footwear retailer, Dr Martens has revealed that its profit before tax dropped 30% to £70.9m from £101m for the year ended 31 March 2021 which was attributed to the £80.5m cost related to its London Stock Exchange IPO.

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