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SubscriptionsGo to the Subscriptions Centre to manage your:My ProfileThursday’s deal by Permira Funds to take control of R. Griggs Group Ltd. for 300 million ($506 million Cdn) ends 50 years of family ownership. It also puts to rest reports that the Griggs family was looking to exit the business.Dr. Martens Chief Executive David Suddens praised the brand’s status as a “symbol of self expression” for decades, saying that Permira Funds respects and wants to nurture that heritage.Dr. Martens employs 700 people worldwide and its products are sold in 63 countries. The deal is expected to complete in January.Permira, which helps manage $30 billion,
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has stakes in Hugo Boss, New Look, and Cortefiel,
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a massive Spanish retailer.Dr. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.