Hong Kong-based private equity firm LionRock Capital has confirmed the completion of its “partnership” with footwear group Clarks. It announced its intention to acquire a majority stake in the group towards the end of 2020, saying it would invest around £100 million. LionRock managing director, Daniel Tseung, has described Clarks as “one of the world’s most recognised consumer names”. He says LionRock is looking forward to working with the Clark family and Clarks’ leadership team “to build on its tradition of providing customers around the world with top-quality products and exceptional service”.

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