Get the Details Stores Like Agent Provocateur

Agent Provocateur, the British lingerie retailer, is being sold to Knickerbox, another British lingerie retailer, according to reports on Wednesday from The Telegraph and The Guardian. According to the reports, no financial details of the deal were disclosed. Agent Provocateur founder Joe Corre will stay on as creative director of the company and the headquarters will remain in London and Los Angeles. Agent Provocateur was founded in 1994 and has since opened stores across Europe and Asia and added online shopping to its offerings in 2007.

The company will acquire the 60% stake it does not already own in La Perla Group from its current owner, the Swiss luxury group Richemont, for $730 million in cash, valuing the acquisition at $1 billion as originally agreed upon when the deal was first announced earlier this year.

The British lingerie retailer Knickerbox has signed an agreement to acquire the retail assets of Agent Provocateur Lingerie Limited, an international luxury lingerie retailer based in London, England, it was announced today by Michael Worton, Knickerbox chairman and chief executive officer, and Jill Mountford, Agent Provocateur founder and creative director. The acquisition includes all brands owned by Agent Provocateur, including their flagship stores in London and New York City and websites and online retail operations. The financial terms of the agreement were not disclosed. Many stores like Agent Provocateur provide these lingerie designs, so visit them as well.