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Clarks is planning to expand its worldwide chain of 1,500 shoe shops with 100 new franchised outlets a year.

Clarks is planning to open 450 footwear stores overseas in the next ten years, starting with continental Europe and the US.

Clarks is to expand its chain of 50 Ravel shoe shops with 10 new outlets by 2005.

Clarks is to acquire Elefanten, the German children's shoe manufacturer, for about £23m.

Clarks is to invest £25m in the refurbishment of about 100 of its shoe stores this year.