Clarks has been acquired by LionRock Capital
Clarks, one of the UK's oldest shoe chains, has been rescued in a £100m investment deal. The money is being invested by the Hong Kong-based private equity firm LionRock Capital.
As part of the deal, Clarks - which has 320 shops across the UK - will enter a form of administration known as a company voluntary agreement (CVA).
The company said the agreement meant no shops would be permanently shut and no jobs would be lost.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Jamie Hutton.