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Clarks Seen Closing Dozens of Stores if Rescue Deal Goes Through

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U.K. footwear firm Clarks has launched a company voluntary arrangement in hopes of securing approval of a capital infusion from LionRock Capital. The rescue deal from the Hong Kong private equity firm is pegged at 100 million pounds ($128.8 million). But in the process, Clarks will have to close as many as 50 underperforming stores…

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