Disqualification proceedings begin against Clerys operators

Rafael Klotz and Malcolm MacAulay were directors of OCS Operations Ltd, but stood down when the business was sold to Natrium

4th June, 2017

Disqualification proceedings have been launched against two former directors of the company that ran Clerys department store immediately prior to its sudden closure two years ago.

Rafael Klotz and Malcolm MacAulay were directors of OCS Operations Ltd, but stood down on the day the historic business was sold to new owners Natrium, with the loss of 460 jobs.

The purchasers were a joint venture comprising Deirdre Foley’s D2 Private and British investors Cheyne Capital Management. Klotz...

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