Fashion mogul loses AllSaints stock fraud claim

By Silvia Martelli (April 8, 2022, 4:30 p.m. BST) – A court has barred embattled fashion mogul Kevin Stanford from continuing to challenge a deal to sell his shares in the AllSaints chain to a private equity firm, ruling on Friday that The retail entrepreneur could not prove that he was fraudulent.

Clare Ambrose, sitting as Deputy High Court Judge, said Stanford had failed to provide sufficient evidence that he had been ‘fraudulently induced’ to transfer his shares in the high street brand to a company of capital investment.

The judge granted an injunction to Lion/Heaven UK II Ltd., preventing Stanford from claiming that the 2011 agreement is void….

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