Former chief executive, All Saints
After topping the Power List in 2009 and taking the number two spot the following year, 2011 was Stephen Craig’s annus horribilis. EBITDA at All Saints for the full year to January 31, 2010 doubled to £23.6m, yet accounts for the full year to January 31, 2011 painted quite a different picture as profits plunged 9% to £21.5m and gross margins dropped as the group blamed financial constraints and significant liquidity challenges. In September, workaholic Craig left the business amid speculation of a fall-out with chairman Kevin Stanford.
Don’t mention… Shares. Sources close to the situation report that the real reason for Craig’s departure was a disagreement with Stanford over shares in the business.
Last year’s position 2