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.