Acquisition by Lion Capital (2011–2012)[edit]
In April 2011, due to mismanagement by Kevin Stanford, rapid expansion, and the collapse of Icelandic investment firm Baugur Group, All Saints was £53 million in debt and on the brink of collapse.[26][27] In May 2011, citing AllSaints' international potential and online presence, Lion Capital LLP, the British private equity firm headed by Lyndon Lea, combined with Goode Partners to purchase a 76% stake in AllSaints Spitalfields for £105 million.[6][10][28][29] Lion Capital effectively saved AllSaints from collapse, which would have resulted in the loss of 3,000 jobs.[30][30][31] The firm began to take an active role in day-to-day management, and hired 8 new top executives to manage the company.[7][29]