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English court swaps bankruptcy petitions against Karen Millen founder

By Dominic Lawson

12 April 2019

English court swaps bankruptcy petitions against Karen Millen founder Kevin Stanford is the founder of fashion chain Karen Millen, named after his wife / iStock.com/tupungato

An English court has ruled that the Lugano Convention barred an Icelandic bank’s bankruptcy petition against the British founder of fashion chains All Saints and Karen Millen – but the court substituted it with another filed by the UK’s tax authority.