All Saints to be put up for sale

High street fashion retailer All Saints is to be put up for sale with a price tag of £140m. The chain is said to have appointed Ernst & Young to advise on the sale, according to reports. Owned by retail tycoon Kevin Stanford, All Saints has 63 stores and 47 concessions across the UK, Europe, America and Russia. Collapsed Icelandic banks Kaupthing and Glitnir also own significant minority stakes in the business.