Agent Provocateur thrives despite recession

Luxury lingerie & swimwear label Agent Provocateur will announce this week a 12 percent increase in sales for the year ending in March, as reported in The Sunday Times.

The increase in sales of 12 percent to £24.4 million has led to a 45 percent increase in underlying profits to £1.2 million.

Agent Provocateur chief executive Garry Hogarth told the newspaper: "Current trading is strong. The company is in a good place. I am confident for the future."

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The retailer, which also sells footwear and accessories, owns a network of overseas stores, which could have acted to reduce its exposure to the UK recession.

The US is expected to overtake Britain as the company’s biggest market on the launch of new flagship stores in New York and Beverley Hills next month.

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