The parent group of Clarks has moved into the footwear market again, this time acquiring Italian brand Amedeo Testoni for a sum of around €5.5 million.

In March, Clarks came under the ownership of Viva China Holdings Limited, a group set up by former Chinese Olympic gymnast Li Ning. This represented a departure for Li Ning, whose business interests had previously focused on sports footwear and clothing.

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