Queen’s corsetiere Rigby & Peller has reported a loss of £214,000 in the year leading to the end of January 2010, compared to a pre-tax profit of £168,000 the previous year.
Sales slipped one percent to £9.8 million but, though the brand admitted the results were disappointing, Rigby & Peller claimed it is now well positioned to benefit from an upturn in the economy.
A spokesman for Rigby & Peller said: “This week Rigby & Peller filed its accounts for the year ending 31st January 2010. The figures show a loss of £214,000 which includes the cost of opening two new stores at Westfield and Cambridge. This demonstrates the company’s investment for the future, despite the difficult trading period we have experienced, and a real commitment to position the business for growth.”
Rigby & Peller is not the only lingerie company to suffer over the past couple of years. Agent Provocateur made a pre-tax loss of £1.1 million in the year to March 2009.