(Sharecast News) – Activist investor Sparta Capital has built up a stake in Dr.Martens.
Citing City sources, Sky News reported that Sparta had also been engaging with the bott maker’s board to boost its financial and operating performance.

Sparta was now a top 10 shareholder in Dr. Martens.

The report followed months of speculation that Dr. Martens’s weak share price performance left it exposed to a potential activist investor stepping in or even an opportunistic takeover approach.

An institutional investor had reportedly suggested that Sparta was likely to have pressed the company to launch a share buyback, something that it did earlier in the summer.

Sparta was also believed to have pushed for Dr.Martens to address problems at its US distribution centre.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!