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Lion Capital considering AllSaints sale, say reports

AllSaints’ private equity owner Lion Capital is considering a sale of the business, according to reports.

Allsaints jpg

Lion Capital has spoken with several Asian apparel retailers, including some Chinese firms, about a possible sale, Bloomberg has reported.

Sources told the news service the retailer could be worth around $300m (£206m).

AllSaints was established by founder Stuart Trevor in 1994, who eventually sold his stake to controversial fashion financier Kevin Stanford in 2005 for an undisclosed amount.

A year later, Icelandic bank Baugur bought a third of the business from Stanford. The company rapidly expanded but struggled with cash flow and was rescued from the brink of administration by a consortium led by Lion Capital in May 2011.

AllSaints and Lion Capital both declined to comment.

Read our interview with AllSaints chief executive William Kim here.

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