All Saints chief quits after clashes with founder

All Saints has parted company with its chief executive, Stephen Craig, after a bitter falling out between him and the fashion chain's founder, Kevin Stanford.

Mr Craig said he could no longer work with the flamboyant retail tycoon because their roles were not clearly separated. His departure comes four months after the chain was rescued in a £105m buyout led by Lion Capital. Mr Craig will be given an office at Lion for the "foreseeable future".