Dr. Martens could be gearing up for the auction block.
London’s Sunday Times reported that the brand’s owner, R. Griggs Group Ltd., has appointed investment bank Rothschild to “test the market” for a sale.
A spokeswoman for Dr. Martens said Monday that the company had no comment on the rumors.
According to the report, R. Griggs Group is exploring either a full or partial sale of the business.
The company has reported strong sales in the past few years, thanks to more demand for its boots. The iconic 1460 lace-up boot turned 50 in 2010.