Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

AllSaints to triple business under new boss

AllSaints’ majority investor Lion Capital is looking to triple the size of the retailer under incoming chief executive William Kim.

Kim starts at the business on October 15, joining from Burberry where he was senior vice president of retail and digital. He plugs the gap left by Stephen Craig’s departure a year ago.

Lion Capital partner Lyndon Lea told Drapers AllSaints had now accrued reserves totalling £20m, and planned for Kim to deploy the cash for expansion.

“We are looking to grow this thing – I want to triple the size of the this business – and that is why we reached out and made such a hire,” he said. “We were able to attract him through the expansion plan.”

Lea said he would be signing leases for new stores in Canada shortly, following trips to both Toronto and Vancouver. He has also been scouting for suitable opportunities in Tokyo.

“We don’t have any limitations in terms of expanding,” he said. However, Lea added that consolidation in existing markets was very much the priority.

Describing Kim as “one of the most impressive retailers I have come across”, Lea said he expected the new chief executive to take AllSaints “to the next level”.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.