By  on September 26, 2011

LONDON — The British fashion retailer All Saints is on the prowl for a new chief executive officer from outside the company after Stephen Craig abruptly stepped down Monday.

Craig, who helped find new majority investors earlier this year after All Saints’ main backer, the Icelandic bank Kaupthing, collapsed, said he had no choice but to resign his post. “The current leadership structure is untenable given the lack of clarity of roles between the chairman, Kevin Stanford, and me and, as such, I now believe it is the right time for me to explore other more entrepreneurial opportunities,” he said.

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