AjcW Posted 6 May 2011 Posted 6 May 2011 I know we have tried to have a business thread before but this caught my eye this morning and i felt it needed sharing. All Saints confirms consortium early this morningPosted on May 5, 2011 by myretailmedia After much speculation the retailer has signed a new deal valuing the chain at £105 million. La Senza owners Lion Capital and American investors Goode Partners will become All Saint’s new investors in a deal signed at 2am this morning. The consortium will also see All Saints’ founder Kevin Stanford take control of 15 percent of the company. Lion will now own 65 percent, Goode Partners 11 percent, with All Saint’s management, led by chief executive Stephen Craig, taking 9 percent. It was noted that Goode Partners will also have an option to acquire up to 11 percent of Lion’s shareholding in the future. That sum of money, for a aged brand surely running out of ideas and facing increased copy cat competition from River Island and New Look. Ludicrous. Even if they achieved the profits of the early years of the brand(when half of Chav England hadn't ruined it and it was actually cool and understated), how many years is it going to take to recoup that amount! It basically works out at over ten time's All Saints best recorded year, which is high for the retail sector, especially for a brand facing administration. To change the look of the brand and attempt to move it away from the copycats is going to be pricey, adding to that their prime location rents and expensive shop fittings(100's of vintage singer sewing machines in every window), it just seems crazy money. And to top it all of they have only acquired 75%!
Jon the Hat Posted 6 May 2011 Posted 6 May 2011 I know we have tried to have a business thread before but this caught my eye this morning and i felt it needed sharing. That sum of money, for a aged brand surely running out of ideas and facing increased copy cat competition from River Island and New Look. Ludicrous. Even if they achieved the profits of the early years of the brand(when half of Chav England hadn't ruined it and it was actually cool and understated), how many years is it going to take to recoup that amount! It basically works out at over ten time's All Saints best recorded year, which is high for the retail sector, especially for a brand facing administration. To change the look of the brand and attempt to move it away from the copycats is going to be pricey, adding to that their prime location rents and expensive shop fittings(100's of vintage singer sewing machines in every window), it just seems crazy money. And to top it all of they have only acquired 75%! I am glad you mentioned the sewing machines because I had no idea what you were talking about until then
Benji Posted 6 May 2011 Posted 6 May 2011 Now here's a thread! Watch HMV with interest. A lot happening.
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