Fashion retailer All Saints’ CVA proposals have won the support of creditors.

The retailer said that CVAs of All Saints Retail Limited and subsidiary AllSaints USA Limited gained “majorities significantly above the required threshold of 75%”. Creditors backed the plans by 93% and 90% respectively.

All Saints chief executive Peter Wood said: “I would like to express my sincere gratitude to our teams, suppliers and other partners around the world for their overwhelming support during this process.

“We are also delighted that the majority of our landlords across the UK, EU, US and Canada voted in favour of our proposals, and would like to thank them for their patience and understanding.

“The decision to launch the CVAs was not taken lightly and this successful outcome will be instrumental in helping us to ensure the long-term viability of All Saints.”

All Saints, owned by Lion Capital, trades from about 250 stores including 40 in the UK.

Sales in 2018 totalled £331m, almost equally split between the UK and overseas.