50 stores at risk as Clarks launches CVA proposal

// Clarks seeks to launch CVA proposal to shutter stores
// The 195-year old shoe retailer will secure £100m investment from LionRock CapitalClarks will reportedly launch a CVA in an effort to permanently shut stores despite previously denying the insolvency measure was under consideration.
The British shoe retailer resorted to a CVA because the proposed £100 million rescue deal from Hong Kong-based private equity firm LionRock Capital is contingent on creditors approving the in