DLA Piper is acting for Gavin Maher and Daniel Butters as joint nominees and supervisors of a company voluntary arrangement (CVA) proposed by C&J Clark International Limited (t/a Clarks Shoes).
The 195 year old British shoe retailer operates 320 retail stores in the UK and Ireland, employing thousands of people. The CVA, which was approved by more than 90% of Clarks’ creditors on 20 November 2020, forms part of a wider rescue package and is a significant step towards securing GBP100m of new investment from Hong Kong investor, LionRock, as Clarks focuses on transforming its business and safeguarding its future in the wake of the COVID-19 pandemic.
The DLA Piper UK-based Restructuring team is being led by partner James Davison with support from legal director Rowan Aspinwall and associates Jade Delaney and Chloe Ball.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
