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Lion & Goode to buy AllSaints Spitalfields
05
May '11
Lion Capital LLP and Goode Partners LLC are pleased to announce that a definitive agreement has been reached whereby funds advised by Lion and Goode will acquire AllSaints Spitalfields. The transaction is expected to complete within days.

AllSaints, a leading international fashion brand, was created in 1994 and opened its first stand-alone store in London in 1997. Since then it has grown rapidly and today has 62 shops and 45 concessions across the UK, US and Europe. It has also developed a highly successful and award-winning website driving substantial internet sales. In its most recent financial year the company had revenues of over £200 million.

Lyndon Lea, Partner of Lion Capital, said:
“We are very excited to invest in a brand with such enormous international potential. AllSaints, in our view, combines leading product and store design with an online presence well beyond many other retailers of its size. We look forward to partnering with Kevin and the management team to continue the success of the business.”

David Oddi, Partner of Goode Partners, said:
“We're excited to be able to play a role in the development of this dynamic brand at such a critical point in its evolution. We're looking forward to leveraging our expertise to help the management team take this business to the next level.”

Kevin Stanford, Chairman, said:
“I'm pleased to have the support of two private equity firms, both of which are focused on the consumer sector, to put AllSaints on a solid financial footing. This equity-funded capital structure will now enable the management team, led by Stephen Craig, to realise the full potential of AllSaints, consistent with our vision.”

AllSaints is one of the UK's fastest growing fashion retailers, shipping unique design led styles to thousands of customers around the world.

Lion Capital LLP


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Courtesy: Business wire

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