The story
Founded by Joseph Corré and Serena Rees in 1994, in London.1
1994–2007
In 1994, Agent Provocateur was founded by Joseph Corré, the son of Vivienne Westwood, and his then-wife Serena Rees. The first store opened in Soho on Broadwick Street.
The company sells colourful and fashionable lingerie. Joseph Corré is the designer for the brand.
2007–2017
In 2007, after the divorce of Corré and Rees, 3i, a private equity firm that invests in mid-size companies, purchased 80% of the company for £60 million.
Between November 2007 and March 2009 the company opened 13 shops, expanding to the US, Russia, Dubai and Hong Kong. By March 2008, Agent Provocateur's profits dropped 18% to £2.2 million due to the cost of expansion.
Garry Hogarth stepped down as CEO in February 2016.
In March 2017, the business entered administration. As part of a "pre-pack" deal, it was purchased by Four Holdings, a company one-third owned by British businessman Mike Ashley's Sports Direct International who reportedly paid around "£25m after seeing off competition from private equity firm Lion Capital." Its US business entered Chapter 11 bankruptcy the following month, with US stores also being sold to Four Holdings.
From Wikipedia’s article on Agent Provocateur (lingerie), shared under CC BY-SA 4.0.4
