Clarks has reportedly agreed to allow conciliation service Acas to mediate talks between the British footwear retailer and its employees over strikes at its warehouse in Street, Somerset. Staff have been striking at the site since 4 October over alleged ‘fire and rehire’ tactics by Clarks. The Community union, which represents the strikers, says...
18 Nov 2021
Footwear retailer Clarks has confirmed that its CEO, Victor Herrero, will be stepping down to focus on broader responsibilities. Herrero, previously the CEO of Guess, was appointed back in March as part of a major ownership change at the company, following a majority stake acquisition by the private equity firm, LionRock Capital. As CEO, Herrero...
8 Nov 2021
A new era of sustainable footwear is shaking up the sneaker market with innovative fabrics, circular production and high quality craftsmanship. WAYZ, a Portuguese footwear brand based Porto, makes sneakers using solely local producers and ethical factories that source eco materials. The brand, which stands for Wave At Your Zest for Life, is...
12 Aug 2021
Clarks is to open six new kidswear shop-in-shops in June following increased consumer demand since stores reopened in April. The spaces will be located at John Lewis stores in Cheadle, Brent Cross, Bluewater, Kingston, Oxford Street and at its Peter Jones flagship store in Chelsea. Clarks said it will also be stocked in Marks & Spencer’s stores...
22 Jun 2021
Clarks has launched what it describes as its “most sustainable sneaker” to date - made with less waste and recycled materials. The Clarks Origin shoes are made without glue and with just five pieces, allowing them to be easily disassembled at the end of their lifecycle. The shoes have a dual-density footbed containing 15 percent production waste...
22 Mar 2021
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...
15 Mar 2021
Clarks is reportedly eyeing closures across its 320-strong store estate under its new ownership. The company’s executive chairman and CEO Victor Herrero has been tasked with creating a plan to steer the British footwear retailer out of the pandemic, which will likely begin with store closures, The Telegraph reports. But he said he would try to...
8 Mar 2021
The CEO of Clarks has reportedly left the business along with several other members of the company’s executive team. CEO Giorgio Presca, chief commercial officer Massimo Barzaghi and chief people officer Difna Blamey all exited the company last week, Drapers reports. Non-executive director Victor Herrero, who was formerly the CEO of Guess, will...
22 Feb 2021
Clarks has reported an 8 percent drop in sales for the year ended February 2020, prior to the full force of the pandemic reaching the UK. The British footwear retailer saw revenue drop to 725.3 million pounds for the year, compared to 790 million pounds in 2019, which it said reflected “continued difficult conditions in the UK and ROI retail...
12 Feb 2021
Lifestyle brand Sporty and Rich has collaborated with Clarks Originals to redesign its iconic Wallabee silhouette placing sustainability at the heart of the design. Each aspect of the design and production of the shoes was made “very deliberately” explains both brands, with sustainability being of great importance to the new look. Clarks...
9 Feb 2021
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...
23 Dec 2020
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...
20 Nov 2020
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