By
Daily Mail Reporter
Last updated at 9:57 PM on 5th February 2012
British boot and shoemaker Dr Martens has been put up for sale by R Griggs Group, which has owned it for more than 50 years. It could fetch as much as £120m.
The firm, which makes fashionable footwear in the style of the one pictured on the front of a shop in Camden, North London, is run by Max Griggs.
Best foot forward: Pre-tax profits at Dr Martens more than tripled last year
His father bought the design rights – originally standard boots for the German army – after the Second World War.
It was struggling to survive ten years
ago, but revenue jumped 33 per cent to £110m last year. Pre-tax profits
more than tripled to £15.3m.