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Stephen Craig leaves Blanco after less than one year

Former All Saints chief executive Stephen Craig has left Spanish fast fashion retailer Blanco after less than a year, amid a management restructure.

Blanco

 

Craig’s departure comes as part of a major re-shuffle of the senior executive team, with chief operating officer Paul Seston, production director Matt Arrowsmith and creative director Amy Molyneux also leaving the company, according to Retail Week.

Blanco’s Middle Eastern owners Alhokai’s group CEO Simon Marshall and his team will take over the running of the business for the immediate future.

Craig grew All Saints from a £10m to £250m business in his five years as CEO, before leaving in 2011.

His appointment as Blanco CEO saw him return to the industry after a four year absence. At the time he vowed to use the brand’s “rich Spanish heritage” to engineer a reversal of fortune.

“I embrace the opportunity to revitalise the brand and return it to its former glory,” he said.

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