Private equity firm acquires majority stake in Clarks

Worldwide
Published:  16 March, 2021
Credit: Clarks

Hong Kong based private equity firm LionRock Capital has confirmed the completion of its partnership with footwear manufacturer Clarks.

As reported by ILM in November, the majority stake in the business was bought for £100 million (US$138,23 million).

After several senior executives reportedly stepped down, including CEO Giorgio Presca, the board has also announced the appointment of Victor Herrero as Executive Chairman and CEO.