Landlords of shoe brand Clarks have approved a plan which will allow the struggling chain to pay no rent on many of its stores, as part of a rescue of the 195-year-old company. Clarks said that 90 per cent of its creditors, which include landlords, have voted for its proposed company voluntary arrangement (CVA), a form … Read more
Clarks shoes criticised for £13m payout to founding family before more than 1,000 job losses Family shareholders were paid £13.4m of dividends over two years This was as the company racked up losses of £114.2m and made job losses Unions representing Clarks’ shop workers lashed out at the payments By Tom Witherow For The Daily … Read more
Clarks lose control of the family shoe chain as pandemic rips through Britain’s high streets By Daily Mail City & Finance Reporter Published: 21:51 GMT, 4 November 2020 | Updated: 21:51 GMT, 4 November 2020 The founding family of Clarks shoes will lose majority ownership of the company for the first time as the pandemic … Read more
Clarks shoes could leave British ownership after 195 years in £100million rescue deal by Hong Kong-based private equity firm LionRock Capital, a private equity giant, has agreed to a £100m investment Clarks bosses say move will allow them to keep all 320 stores and no job losses If voted for, LionRock will buy majority stake … Read more
Clarks enters talks with landlords over plan to shut 50 stores putting hundreds of jobs at risk as part of new reduced rent deal based on turnover at each branch Clarks could shut 50 of its 345 stores as footwear retailer battles to survive Footwear retailer in talks with landlords about shop closures and rent … Read more
Police have set up a tent in the back garden of Steven Clark’s elderly parents’ home after the pair were arrested over their missing son’s murder. Steven Clark went to visit the toilet while on a family walk near Saltburn Pier in Cleveland in December 1992 but was never seen again. His parents Doris and … Read more