Viva China close to buying controlling stake in UK shoemaker Clarks

Photo: Pixabay

Viva China Holdings, a Chinese sports talent agency founded by gymnast-entrepreneur Li Ning, moved a step closer to taking control of British shoe brand Clarks.

Hong Kong-traded Viva China, which owns Li’s namesake sports apparel brand, said Wednesday that shareholders approved the plan to acquire Clarks. The deal will help Viva China to further expand its global business presence, the company said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter