AllSaints Retail Limited has filed its accounts for the year to last January and has also updated us on its performance during 2021. It clearly suffered at the height of the pandemic, but trading has improved since.
Fashion retailer AllSaints has won creditor backing for its UK and US CVA proposals. It means it can proceed with its plans to downsize the chains with a small number of closures and strike new rent deals.
The company, known for outfitting rock stars like Iggy Pop, Velvet Revolver and Bruce Springsteen, made the filing with plans to sell to an affiliate of Lion Capital LLC, the majority owner of John Varvatos.
Its’ a busy French moment for AllSaints, even if it’s the ultimate downtown UK brand. AllSaints is debuting a watch collection; a new series of scents and its Shoreditch Ski Club, the latter in Paris' Le Bon Marché.
After 11 years, the Netherlands’ Hema is officially Dutch-owned again. On November 30, Hema and its new owner Ramphastos Investments announced the completion of the acquisition from the British firm Lion Capital.