HK's LionRock to buy majority stake in UK footwear brand Clarks for $130m

HK's LionRock to buy majority stake in UK footwear brand Clarks for $130m

Photo: Bree Bigelow/ Unsplash

Hong Kong-based private equity firm LionRock Capital has inked an agreement to invest 100 million pounds ($129.7 million) in C&J Clark Limited (Clarks), one of UK’s oldest footwear brands, for a majority stake in the company, the investor announced on Wednesday.

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