In what has been a difficult recessionary run for luxury lingerie brands, Rigby & Peller is the latest to admit that sales are slipping. The Evening Standard reported that the retailer had incurred a pre-tax loss of £214,000 in the 12 months to the end of January 2010. Despite the opening of a new store, sales slipped by 1%. Rival brand, Agent Provocateur, also made a substantial pre-tax loss of £1.1million in the year to March 2009. Rigby & Peller said it would continue to train staff and look for store opening opportunities, believing it would be "well positioned to benefit from an upturn in the overall economy".
Rigby & Peller are a family-owned business, famous for the luxurious quality of their lingerie, wide ranging products and service to include advice for women and men and specific guidance for mothers-to-be and brides. They also have a bespoke lingerie service. Celebrities and royals from home and abroad are known to be fans. Rigby & Peller have also held the Royal Warrant of Appointment as Corsetieres to H.M. Queen Elizabeth since 1960. The retailer still occupies its South Molton street site in London, which first opened its doors in 1939.
Image: Rigby & Peller