Struggling family-run shoe chain Clarks has seen interest from multiple parties to help inject cash into the business.
Football Pools owner OpCapita and American buyout firm Sycamore Partners are both in talks with Clarks to strike up a deal.
At least one other party is also said to be involved, as originally reported by Sky News.
Clarks has been in discussions about a share sale since May, a move that would dilute the family’s controlling stake in the company, but would result in a £100m to £150m cash injection.
Clarks also revealed its new strategy in May, dubbed ‘Made to Last’. The 18-month long strategy overhaul will result in 700 redundancies globally, as the retailer looks to future-proof the brand’s vitality.
In April, three of the big four accountancy firms had been drafted in to work on a restructuring of Clarks as it attempted to weather the Covid-19 impact on business.
The retailer’s family shareholders drafted in KPMG to advise them, while Deloitte was hired by the management team.
Chief executive Giorgio Presca said at the time there were “exciting opportunities ahead” for Clarks.
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