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Ultimo lingerie firm ceases trading in the UK

The Ultimo underwear firm set up by Michelle Mone is to cease trading in the UK.
The Conservative peer, now known as Baroness Mone of Mayfair, established the lingerie brand in 1996.
The firm achieved international success after actress Julia Roberts reportedly wore an Ultimo bra in the hit film Erin Brockovich.
Lady Mone left the company three years ago, after it was taken over by a large Sri Lankan apparel firm.

Redundancy consultation

The firm announced that, following an extensive review of the business, the operation in the UK will cease trading.
Staff at the Ultimo headquarters in East Kilbride have been informed, with a formal redundancy consultation now under way with the 11 employees at the site.
Retail partners and suppliers have also been told of the decision.

http://www.bbc.co.uk/news/uk-scotland-scotland-business-43711689
 
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