Native Shoe, the Vancouver company known for its colorful EVA footwear, has signed a nonbinding letter of intent to sell a controlling interest to an investment group. Though specific terms of the deal have not been disclosed, Scott Hawthorn, the acting chief executive and majority investor, will sell his majority investment for a minority stake in Native as part of the agreement. The company hopes the move will help it expands its presence worldwide. Hawthorn took over this month with the departure of Damian Van Zyll De Jong, a co-founder of the company. Under Hawthorn's leadership, Native has been working to expand its operational structure in British Columbia, appointing a CEO and a board of directors, and developing its teams in product, sales, marketing and finance. The company still plans to put out its summer collection in May and is taking orders for autumn.

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