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.
It's 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.
The Netherlands’ Hema announced today that it is in talks with Marcel Boekhoorn of investment company Ramphastos Investments, who has the intention to acquire the 92 year-old chain from its current British owner.