1. & J. Clark Limited (“Clarks”) today confirms that its proposed partnership with LionRock Capital announced on 4thNovember 2020, has been approved by Clarks’ Shareholders.

The shareholder approval will enable Clarks to form a partnership with LionRock Capital, a seasoned Asian private equity firm, who will acquire a majority stake in the business for an investment of £100 million.

The deal is expected to be completed in the new year with the Clark family remaining invested in the business.