Dr. Martens plc (DRMTY, DOCMF,DOCS.L), a footwear and clothing brand, on Thursday announced new distribution agreements in the UAE and Latin America, marking its entry into the UAE through a partnership with Beside Group.
The partnership will begin with wholesale and is expected to expand to mono-branded store openings in the future.
Beside has decades of experience in retail and wholesale, working with leading international brands in the Middle East.
In Latin America, the company has partnered with Crosby, which opened the brand's second regional store this week in Santiago, Chile.
The agreement covers Mexico, Argentina, Paraguay and Chile, and includes both mono-branded retail and wholesale distribution.
On Wednesday, Dr. Martens closed trading 1.66% lesser at 97.70 pence on the London Stock Exchange.
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