Clarks news and archive

Clarks recalls 113,000 women's canvas shoes due to chemical hazard

Clarks Americas has recalled about 113,000 women's navy blue canvas shoes due to chemical hazard. According to Consumer Product Safety Commission, the company has recalled Breeze Ave, Breeze Shore and Breeze Step women's shoes in navy colors. The shoes, which were manufactured in China, were recalled because prolonged and direct contact with the...

Podcast

Podcast: Lisa Ly on sustainability at Clarks

In this episode, Edited: Inside Retail has interviewed sustainability manager at Clarks, Lisa Ly, on the brand's commitment to reducing its environmental footprint. Listen to the podcast below. Source: UnEdited via Spotify Photo credit: Image: UnEdited via Spotify

BusinessFeatured

Clarks majority stake acquisition completed, new CEO named

Hong Kong-based private equity firm LionRock Capital has completed its 100 million pound investment in Clarks. The deal was first announced back in November, with LionRock agreeing to acquire a 51 percent majority stake in Clarks provided the British footwear retailer received approval from creditors to launch a company voluntary arrangement...

Business

Clarks gets shareholder approval for LionRock Capital partnership

British footwear retailer Clarks has been given the green light from its shareholders to go ahead with its proposed partnership with Hong Kong-based private equity firm LionRock Capital. Last month, LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the British footwear retailer received approval from...

BusinessFeatured

Clarks gets green light for CVA

British footwear retailer Clarks has received the green light from creditors to go ahead with a company voluntary arrangement (CVA). Earlier this month, Hong Kong-based private equity firm LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the retailer’s CVA got the go-ahead. The retailer announced Friday...

Business

Landlords criticise Clarks CVA

Landlords have reportedly accused Clarks of abusing insolvency processes after it launched a company voluntary arrangement (CVA) they say they have little chance of blocking. The British footwear retailer launched its CVA last week which will result in the majority of its 320 UK stores moving to turnover-based rents, while 60 will move to nil...

Business

Clarks saved in 100 million pound deal

LionRock Capital has agreed to acquire a 100 million pound majority stake in Clarks provided the British footwear retailer gets the green light from creditors to launch a company voluntary arrangement (CVA). As part of the proposed CVA, Clarks is looking to move 60 of its 320 stores to nil rent, it said Thursday, adding that no stores have yet...

Business

Clarks begins rescue talks with landlords

Clarks has reportedly kicked off talks with landlords over a rescue deal that could see the company close stores and cut rents. The British footwear retailer and its advisers are meeting with landlords this week to discuss a potential company voluntary arrangement (CVA) that could see its stores moved to a 'turnover rent' model, Sky News...

Business

Hong Kong investor reportedly joins Clarks bidding war

Hong Kong-based private equity firm LionRock Capital has reportedly joined the bidding war for a majority stake in UK footwear retailer Clarks. The firm is now one of two remaining bidders for Clarks, Sky News reports. Discussions over a deal expected to close in the next month and include a rival bid from investment firm Alteri Investors. A...

BusinessFeatured

Clarks to cut 900 jobs as part of transformation strategy

Clarks is set to cut around 900 jobs as part of its ‘Made To Last’ transformation strategy. The 195-year-old British footwear retailer said it has already announced 160 redundancies this week, including 108 at its headquarters in Street, Somerset. While 900 jobs are expected to go overall, it will be partially balanced by the creation of around...

PeopleFeatured

Clarks enlists Alexander Skarsgård and Freida Pinto as new faces

Clarks has unveiled a new global brand campaign for autumn/winter 2019 with a focus on “comfort in every situation” featuring actor Alexander Skarsgård to highlight the men’s collection and actress Freida Pinto for the women’s. Known as the champion of comfortable shoes, British footwear brand Clarks is reinforcing a belief in the importance of...

Fashion

Vivobarefoot announces shoes made of plants

Clarks family-founded British start-up Vivobarefoot has announced it will be adding plant-shoes to its sustainable footwear offering, as part of its strategy to become 90 percent sustainable by 2020. Vivobarefoot’s vision is to make the most sustainable shoes on the planet, and the founders believe that barefoot shoe-making equates to...