Permira Advisers and the owners of the Dr Martens footwear brand have refused to be drawn on a report that the private equity firm is in talks to buy the business. 

According to a Sky News story, R Griggs Group is in "advanced" talks with Permira to sell its Dr Martens brand. An agreement, which could value the footwear business at GBP300m (US$485.4m), may be settled as soon as next month, the report added.

It is not certain whether ownership of the brand name will be passed onto the private equity firm, which has shares in UK value apparel and footwear retailer New Look, German fashion business Hugo Boss, and Spanish fashion retailer Cortefiel Group.

Both Permira Advisers and R Griggs Group declined to comment on the matter when contacted by just-style today (18 October).