PROFILE |
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What fashion statement have the Pope and Madonna made? Both have worn Dr. Martens (aka Doc Martens or Docs), the chunky shoes and boots made by the R. Griggs Group. The company turns out about 10 million pairs of Docs every year in more than 1,000 variations of sandals, loafers, casual shoes, and boots -- primarily in black and brown and all with the spongy, thick sole. Griggs is trying out more fashionable styles as sales have dwindled. More than 85% of Griggs' footwear is sold outside the UK, mainly in the US where it's distributed by subsidiary AirWair USA. Founded a century ago, the company has been making Docs since 1960. Max Griggs, president, and his son Stephen, chairman, run the family-owned company.
COMPETITION |
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C&J Clark International Ltd. (dossier)
Skechers U.S.A., Inc. (SKX)
The Timberland Company (TBL)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: March
2000 Sales (mil.): 370.50
1-Yr. Sales Growth: (10.2)%
Employees: 3,510
Revenue per employee: $105,555.56
KEY PEOPLE |
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Max Griggs
CEO
John Duff
CFO
CONTACT INFO |
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Cobbs Ln., Wollaston
Wellingborough Northamptonshire NN29 7SW, United Kingdom
Phone: 44-1933-665-381
Fax: 44-1933-664-088
Online: Web Site
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