Clarks’ shareholders approve partnership with LionRock

0
0


Pic: Shutterstock

C&J Clark Restricted, a UK-based shoe producer and retailer, has confirmed that its proposed partnership with LionRock Capital introduced on November four, 2020, has been accepted by Clarks’ shareholders. LionRock Capital is a seasoned non-public fairness fund and seeks to associate with main international shopper manufacturers with an emphasis on China growth.

 

The shareholder approval will allow Clarks to type a partnership with LionRock Capital, who will purchase a majority stake within the enterprise for an funding of £100 million.

 

The deal is predicted to be accomplished within the new yr with the Clark household remaining invested within the enterprise.

Fibre2Fashion Information Desk (JL)


C&J Clark Restricted, a UK-based shoe producer and retailer, has confirmed that its proposed partnership with LionRock Capital introduced on November four, 2020, has been accepted by Clarks’ shareholders. LionRock Capital is a seasoned non-public fairness fund and seeks to associate with main international shopper manufacturers with an emphasis on China growth.





Supply hyperlink

Leave a reply