Mone lingerie venture vow

Scottish businesswoman Michelle Mone is set to launch a new lingerie company, three years after she left the industry.

She announced on social media that, after becoming “disappointed” with the industry, she plans to launch an underwear line next year. Ms Mone has claimed the new venture will be bigger than her previous company, Ultimo, which became a global brand.

Posting on Twitter, she said: “Breaking news...i invented 17 worldwide inventions and became one of the biggest names in the lingerie industry.

“After a three-year break and being disappointed with the industry I’m coming back with a bang.

“My own brand will launch in 2018 and will be bigger than all the others, including Ultimo.”

Ms Mone became a Conservative peer in 2015, taking the title Baroness Mone of Mayfair.