China Digest: Li Ning to buy majority stake in UK footwear brand Clarks; Ruiyun Cold Chain, DAISCH raise funding

China Digest: Li Ning to buy majority stake in UK footwear brand Clarks; Ruiyun Cold Chain, DAISCH raise funding

Beijing, China. Photo by zhang kaiyv on Unsplash

Li Ning’s Viva China is set to pick up a majority stake in British footwear brand Clarks, while Ruiyun Cold Chain and DAISCH have raised fresh funding.

Viva China to buy rest of LionRock Capital partners 

Hong Kong-based private equity firm LionRock Capital has agreed conditionally to sell the remaining 49% stake of LionRock Capital Partners QiLe Ltd to Li Ning’s Viva China for GBP 110 million ($133 million), per Viva’s filing on November 17.  

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