×
856
Fashion Jobs
L'OREAL GROUP
CRM Manager
CDI · Montreal
TJX CORPORATE
Business Planning Analyst
CDI · Mississauga
L'OREAL GROUP
Key Account Manager
CDI · Montreal
ZARA
Store Operations Manager (Toronto)
CDI · TORONTO
ZARA
Gérant de Département (Place Rosemère)
CDI · ROSEMÈRE
LEVI'S
sr. Manager, HR Business Partner
CDI · Richmond Hill
ESTÉE LAUDER COMPANIES
Operations Manager
CDI · Markham
ESTÉE LAUDER COMPANIES
Manager, E-Commerce (2 Vacancies)
CDI · Toronto
PUMA
Manager, Marketing
CDI · Toronto
L'OREAL GROUP
Trade Marketing Manager
CDI · Montreal
TOM FORD BEAUTY
Marketing Manager, Tom Ford, by Killian & Frederic Malle (1 Year Contract)
CDI · Toronto
RALPH LAUREN
Polo Factory Store - General Manager
CDI · Winnipeg
MAC
Bilingue Directeur(Rice) Régional Des Ventes/ Bilingual Field Sales Manager - (Retail Partner) - Mac Montreal,qc
CDI · Montreal
ESTÉE LAUDER COMPANIES
E-Commerce Manager, Mac Brand
CDI · Toronto
NORDSTROM CANADA RETAIL INC
Security Ambassador
CDI · Mississauga
NORDSTROM CANADA RETAIL INC
District Manager Asset Protection Eaton Centre
CDI · Toronto
ESTÉE LAUDER COMPANIES
Senior Manager, Accounting & Controls
CDI · Toronto
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Vaughan
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Brampton
ESTÉE LAUDER COMPANIES
Operations Manager/Group Leader - 3rd Shift
CDI · Markham
L'OREAL GROUP
Spécialiste Assurance Qualité
CDI · Montreal
L'OREAL GROUP
Préparateur(Trice) de Commandes (Quart de Weekend)
CDI · Montreal
Published
Mar 16, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Herrero confirmed as Clarks CEO as new owner completes deal

Published
Mar 16, 2021

Clarks’ new owner has completed its takeover of the historic shoe company and confirmed former Guess chief Victor Herrero in the CEO’s role he took on temporarily last month.


Photo: Sandra Halliday



LionRock Capital has now completed the £100 million investment that was announced back in November with the Hong Kong-based private equity firm acquiring 51% of the retailer.

The company confirmed the departure of former CEO Giorgio Presca, although this was far from a surprise. It had been widely reported reported last month and the company had filed a termination of appointment notice for him at Companies House on February 26.

Herrero had previously been a non-executive director and now takes on the dual role of executive chairman and CEO .

The chief executive of Guess between 2015 and 2019, he’s also chairman of Bossini and a non-executive director of Viva China Holdings Limited.

He thanked Presca for his contribution to the company and said he’s excited about “leading Clarks to its next level and partnering with LionRock Capital and the Clark family to build a strong and sustainable future for this iconic and much-loved global brand”.

And he certainly has a big task on his hands. Clarks had struggled pre-pandemic, admitting that its stores were sometimes a drag on its performance. In the year to February 2020, it had reported sales down 8% to £725.3 million. And while its losses narrowed, profits remain elusive. 

The company hasn’t updated on its sales or profits performance since then, but given the CVA it launched, it’s clear that times were tough last year as the pandemic forced its UK and Republic of Ireland store chain to shut for months on end. Its shops remain closed at present with the earliest opening date being April 12.

Copyright © 2021 FashionNetwork.com All rights reserved.