LONDON — Kevin Stanford, the chairman of AllSaints, has exited the company in a dispute with majority shareholder Lion Capital, according to industry sources.
A spokeswoman for AllSaints confirmed that Stanford no longer works at the British high-street brand, which was rescued from bankruptcy last year by Lion Capital and Goode Partners.
Goode has since sold its stake, WWD has learned, and the company is now controlled by Lion, which is also an investor in American Apparel.
A spokeswoman for Lion Capital declined to comment.
“It’s a complicated situation,” said one industry source, alluding to reports in the British press that Stanford clashed with Lion’s founder, Lyndon Lea over how to manage the company, and about the value of Stanford’s minority stake.
Stanford’s exit is the latest chapter in the AllSaints saga. In 2011, Lion and Goode rescued the company, which had run into trouble due to a rapid-fire retail rollout — overseen by Stanford — and the collapse of its Icelandic investors.
A few months after Lion and Goode purchased AllSaints, chief executive officer Stephen Craig quit, citing a conflict with Stanford.
“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,” Craig said in September, 2011.
Last month, AllSaints named William Kim ceo. Kim, who is formerly senior vice president of retail and digital commerce at Burberry, is to take up his post on Oct. 15 with the aim of expanding the company’s global footprint and digital presence.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast