May 26, 2022

Row over All Saints ownership revealed in court documents

Fashion entrepreneur Kevin Stanford accused of lying about what he claims is his majority stake in high street brand All Saints, details of court case reveal


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Fashion entrepreneur Kevin Stanford has been accused of lying about what he claims is his majority stake in high street brand All Saints, details of a bizarre court case reveal. 

Court documents show Stanford contacted private equity fund Lion Capital in August 2021 in a letter, claiming ‘rightful ownership’ of 62 per cent of the shares. 

Rejection: Kevin Stanford contacted Lion Capital in August 2021 claiming ‘rightful ownership’ of 62 per cent of the shares

Stanford, who co-founded Karen Millen and was All Saints chairman until a decade ago, bought All Saints in 2005. He was declared bankrupt by HM Revenue & Customs in February 2019. 

Lion Capital, which brought All Saints for £105million in 2011, has rejected his claim. 

The fund has opted to pursue a court injunction in a bid to stop Stanford making such statements public. 

It says Stanford’s ‘false assertion’ will prejudice any future attempt to sell All Saints, which reported turnover of £364.1million in 2020. Its lawyers have argued Stanford remains ‘unwilling to accept he has no interest’ in the company. 

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