Clarks calls in restructuring experts


Clarks calls in restructuring experts

Clarks, which has furloughed thousands of its store employees whilst its 345 stores lay dormant during the lockdown, has called in advisors to develop a potential restructuring of its business. It had previously announced that a small number of unprofitable stores would be closed as their leases come up for renewal.

It is thought unlikely that the family owned business would seek a CVA for Clarks.

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