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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/fashion-chain-all-saints-for-sale.jpg"><img class="alignnone size-full" title="High street fashion chain All Saints has been put up for sale with price tag worth a potential 140 million pounds, it has been reported" src="http://londonglossy.com/wp-content/uploads/2011/02/min-fashion-chain-all-saints-for-sale.jpg" alt="High street fashion chain All Saints has been put up for sale with price tag worth a potential 140 million pounds, it has been reported"/></a></p>
<p>High street fashion chain All Saints has been put up for sale with price tag worth a potential £140 million, it has been reported.</p>
<p>The retailer is said to have appointed Ernst &#038; Young to advise it on the sale process, according to The Sunday Telegraph.</p>
<p>All Saints has 63 stores and 47 concessions across the UK, Europe, America and Russia.</p>
<p>The group &#8211; which has been expanding rapidly in recent years &#8211; is owned by retail entrepreneur Kevin Stanford, with significant minority stakes held by collapsed Icelandic banks Kaupthing and Glitnir.</p>
<p>It is thought that administrators of the Icelandic groups were behind the push to put All Saints up for sale to realise investments in a host of UK retail assets.</p>
<p>British brands owned or part-owned by failed Icelandic banks &#8211; such as House of Fraser, frozen food chain Iceland and Karen Millen owner Aurora &#8211; are also reportedly undergoing ownership overhauls ahead of possible stake sales as Iceland gears up to capitalise on the assets.</p>
<p>Ernst &#038; Young is understood to have already drawn up a list of would-be investors for All Saints, with Mr Stanford expected to roll over part or all of his stake in the event of a sale.</p>
<p>The group was founded in 1994 and bought by Mr Stanford in 2003.</p>
<p>Mr Stanford also co-founded the Karen Millen chain with his ex-wife of the same name.</p>
<p>Neither All Saints nor Ernst &#038; Young were available for comment.</p>
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