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.
