Home breadcru News breadcru Announcement breadcru Clarks' shareholders approve partnership with LionRock

Clarks' shareholders approve partnership with LionRock

28 Dec '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

C&J Clark Limited, a UK-based shoe manufacturer and retailer, has confirmed that its proposed partnership with LionRock Capital announced on November 4, 2020, has been approved by Clarks’ shareholders. LionRock Capital is a seasoned private equity fund and seeks to partner with leading global consumer brands with an emphasis on China expansion.
 
The shareholder approval will enable Clarks to form a partnership with LionRock Capital, who will acquire a majority stake in the business for an investment of £100 million.
 
The deal is expected to be completed in the new year with the Clark family remaining invested in the business.

ALCHEMPro News Desk (JL)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!