Could Clarks shoe shop be the next casualty at Milton Keynes shopping centre?

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Clarks, one of Britain's oldest and most trusted shoe retailers, is preparing to close down dozens of stores.

According to Sky News, Clarks is preparing for dozens of permanent store closures through an insolvency mechanism.

It is not yet known whether the centre:mk store, which is opposite John Lewis, will be affected.

Sources have told Sky News that a Company Voluntary Arrangement (CVA) could involve as many as 50 shop closures nationally.