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.

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