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 agrees financial restructuring deal

AllSaints has been saved from insolvency after the collapsed Icelandic banks that backed it agreed on a financial restructuring, according to reports.

The agreement is understood to have come about after intense legal discussions. Kevin Stanford will remain in charge of AllSaints.

Prior to the restructuring, Baugur, the Icelandic investment firm which fell into administration earlier this year, owned a 35% stake in AllSaints. It is unclear what stake it now has.

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.