All Saints chairman Kevin Stanford quits retailer Mr Stanford's exit follows 10 months of acrimony after the entrepreneur fell out with All Saints private equity investor Lion Capital. Relations between the two sides deteriorated last Christmas, resulting in the suspension of Mr Stanford, with Lion Capital founder Lyndon Lea adopting a more hands-on approach. Mr Stanford lashed out at the move, with his spokesman saying he had "legitimate concerns about the way that All Saints has been managed since the involvement of Lion" . The pair have been involved in a scrappy dispute over the value of Mr Stanford's 15pc stake. In May last year, Lion rescued All Saints from the brink of insolvency, injecting £105m into the business via a shareholder loan note that ranks above Mr Stanford's 15pc equity. Lion's loan note, which accrues 15pc interest a year, is now held on All Saints" books at £130m. The company's valuation must exceed the loan note's book value before the equity is worth anything. The two sides differ on the value of Mr Stanford's equity stake, with Lion putting it at just a few million pounds and Mr Stanford a multiple of that. Mr Stanford's empire once stretched across Karen Millen - which he founded with his ex-wife - to Oasis, Warehouse, House of Fraser and stakes in Woolworths, Moss Bros and Debenhams. The entrepreneur seemed to be hurtling towards bankruptcy in 2009 after it emerged he owed Icelandic bank Kaupthing £344m. Since then, he has bounced back, clawing back stakes in businesses and is locked in disputes about ownership.