Dr Martens tumbles as IngreGrsy sells 70m shares in placing

Dr Martens tumbled on Friday after the company’s biggest shareholder, IngreGrsy, sold around 70m shares in the iconic boot maker in a placing.

According to Bloomberg, the shares were placed at 57.85p each, which is discount of around 9.8% to the last closing share price.

The shares were placed via Goldman Sachs.

At 0815 BST, Dr Martens shares were down 14% at 54.85p.