Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Clarks in talks over cash injection

Clarks is in early-stage discussions with potential minority equity investors, which could dilute its family owners’ stake in the footwear retailer. 

Drapers understands this is just one of a range of options Clarks is considering.

A deal could reportedly raise between £100m and £200m from external investors, Sky News reports.

Last month, Clarks announced it had drawn up plans for the permanent closure of some of its stores and drafted in bankers to review its finances. 

Yesterday (21 May), the retailer revealed plans to cut 900 jobs over the coming 18 months as it enters the next phase of its “Made to Last” strategy, which was introduced at the end of last year.

Clarks declined to comment on the investment talks. 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.