In a key development following the arrival of its new owners, Clarks has unveiled a new campaign for its Clarks Originals brand that includes content and a collab, all designed to celebrate black female creatives.
Clarks’ CEO Giorgio Presca has exited the historic shoe firm. The move comes only a few months after it brought a new majority owner on board as the founding family relinquished control for the first time in centuries.
UK shoe giant Clarks has filed its results for its year to February 2020 and the figures show just how much it was struggling even before the pandemic forced its stores to close and sent footwear demand plummeting.
After nearly two centuries in family ownership, Clarks has clinched a rescue deal with a Hong Kong investment company taking control of the business, keeping stores open and cutting relatively few jobs for now.
Struggling UK footwear giant Clarks could be about to strike a deal to sell a stake to a private equity company. And the sale could mean the end to more than two centuries of majority ownership by the founding family.
As footwear retailer Clarks seeks new funding, a number of private equity companies are reportedly keen to take a stake in the company. And a former Triumph head is joining next month to run the Clarks unit.