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Agent Provocateur sold to Four Holdings after going into administration
March 2, 2017 / 4:08 PM / 9 months ago

Agent Provocateur sold to Four Holdings after going into administration

(Reuters) - Luxury lingerie retailer Agent Provocateur was sold to Four Holdings on Thursday, after going into administration, its administrator AlixPartners said.

Men walk past a branch of the upmarket lingerie brand, Agent Provocateur in London, Britain, February 21, 2017. REUTERS/Toby Melville

The chain, backed by buyout fund 3i (III.L) had been hit by a luxury spending slowdown. 3i had also blamed accounting issues and an inconsistent execution of a store expansion program.

The terms of the transaction were not disclosed.

Reporting by Dasha Afanasieva; Editing by Mark Potter

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