Dr Martens Warns on Profit as Finance Chief Walks

Dr Martens issued its third profit warning in five months on Friday, as it struggled with higher-than-expected costs at a new Los Angeles (LA) distribution centre.

The British company, whose pricey work boots have been fashionable since the 1960s, also said its chief financial officer Jon Mortimore would leave once it finds a replacement.

Mortimore’s resignation comes as Dr Martens issued its third profit warning since November, when it…