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