CEO Giorgio Presca exits Clarks
According to several reports on the news, the CEO of Clarks has reportedly left the business. Other members of the company’s executive team are allegedly leaving as well
As reported by the British media, CEO Giorgio Presca, Commercial Director Massimo Barzaghi and Director of HR Difna Blamey, have all left the Board. Non-executive directors Victor Herrero, former Guess's CEO will take the double role of Executive Chairman and CEO.
By the end of 2020, the Hong Kong-based private equity firm LionRock Capital acquired a 100-million-pound majority stake in Clarks. The move happened after the 195-year-old British footwear retailer received the green light from its creditors to launch a Company Voluntary Arrangement (CVA).
By the end of 2020, the Hong Kong-based private equity firm LionRock Capital acquired a 100-million-pound majority stake in Clarks. The move happened after the 195-year-old British footwear retailer received the green light from its creditors to launch a Company Voluntary Arrangement (CVA).
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