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Bra-maker sells out to Belgians
Rigby & Peller, bra-maker to the Queen and Lady Gaga, has sold an 87 per cent stake to Belgian lingerie firm Van de Velde for £8m. The deal will provide a windfall for the Kenton family, who have run Rigby & Peller as a family business since 1982. It is understood the family will continue to be involved in the day-to-day running of the company. The Van de Velde investment will help drive the company’s ambitious growth plans, according to June Kenton, who has worked in the bra industry for more than 50 years. Last year the firm had sales of £10.1m.