Future of Bedford's two Clarks stores could be in doubt after closure announcement

The business could turn to a CVA to shut shops in order to secure cash

By Clare Turner
Tuesday, 6th October 2020, 2:57 pm
Updated Tuesday, 6th October 2020, 3:00 pm

Clarks, one of Britain's oldest shoe retailers, is preparing for dozens of permanent store closures, it has been revealed.

According toSky News, a rescue deal for Clarks led by LionRock Capital is dependent on approval by creditors of a company voluntary arrangement (CVA).

The CVA could involve as many as 50 shop closures and a switch to a turnover rent model.

Clarks at the Interchange Retail Park (Google)

There are two stores in Bedford - one at the Interchange Retail Park and the other in Harpur Street.