Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Agent Provocateur boss may leave ahead of sale

The chief executive of Agent Provocateur, Fabrizio Malverdi, is reportedly in talks to leave the business ahead of its sale.

Malverdi, who joined just nine months ago, is holding discussions about his future at the firm, according to Sky News.

The lingerie retailer is restructuring after difficult trading conditions and an accountancy error caused parent company 3i to write down the value of the business.

Agent Provocateur’s chairman, Chris Woodhouse, recently stepped down as chairman and Ian Lobley, a partner at 3i, took over.

In early January, it was reported that 3i had appointed restructuring firm AlixPartners to devise a turnaround plan for Agent Provocateur before it is put up for sale.

3i declined to comment on the Malverdi rumours.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.