LionRock Capital, a private equity firm, completed the acquisition of a majority stake in Clarks, a British shoemaker, for £100m (c. $130m). The deal will be subject to shareholder approval, and shareholders will be asked to vote on the proposed transaction in December. "The new partnership with LionRock Capital will provide this as well as the expertise to grow the Clarks brand in China, which remains a primary opportunity. Our people, partners and customers remain our top priority and we are committed to building a relevant, accessible and desirable brand that reflects the way consumers live their lives," Giorgio Presca, Clarks Chief Executive Officer.