The family-owned shoe retailer has hired bankers at Rothschild to advise on its financing options, Sky News learns.
The family-owned footwear retailer Clarks has drawn up plans for the permanent closure of some of its stores and drafted in bankers to review its finances as the coronavirus crisis takes its toll.
Sky News has learnt that the company, which has been struggling to deliver a turnaround in its fortunes, has decided not to reopen"a small number" of its 347 UK stores once the enforced closure of non-food shops comes to an end. Sources said that Clarks had in recent days appointed Rothschild, the investment bank, to help explore financing options for the business, including accessing new borrowing facilities.
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