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Lion Capital is believed to have done a deal worth £100m which will give it 75% of the 100-outlet fashion chain
Fashion chain AllSaints is on the brink of agreeing a last-minute rescue plan that should save the retailer from collapse. Private equity group Lion Capital is believed to have done a deal which will give it 75% of the 100-outlet chain. US investor Goode Partners and AllSaints chairman Kevin Stanford will own the balance. AllSaints was put up for sale by administrators to Kaupthing and Glitnir, the collapsed Icelandic banks that owned a stake in the business. The Lion bid is understood to be worth £100m, with £20m going to the bank administrators. AllSaints has more than £50m of debt. Lion has also backed lingerie chain La Senza and US fashion brand American Apparel - which has its own financial problems.
