SCOTTISH businesswoman Michelle Mone has revealed she is to launch a new lingerie company three years after she left the industry.
The former bra tycoon took to social media to say that after becoming "disappointed" with the industry she plans to launch a new underwear line next year, vowing it would be bigger than her previous compnay Ultimo
Michelle and ex-husband Michael co-founded Ultimo in 1996 and turned it into a global brand by using a host of top famous models, including Penny Lancaster and Rachel Hunter.
READ MORE: Mone's firm posts big losses
Her company MJM International suffered losses of £780,000 in 2013 before passing its assets to the parent company Ultimo Brands International, which also made a loss, with both businesses publishing the accounts of a “small company”
But in 2014 Michelle announced she’d “hung up her bra” and sold most of her shares in Ultimo.
However, on Wednesday she took to Twitter to say: "Breaking News...I invented 17 Worldwide inventions & became one of the biggest names in the lingerie industry.
"After a 3 year break&being disappointed with the industry I’m coming back with a bang.
"My own brand will launch in 2018 & will be bigger than all the others, including Ultimo."
READ MORE: Online trolls target 'Lady' Mone
Michelle Mone was named a Conservative peer by David Cameron in 2017 after she switched her supprt from Labour.
The entrepreneur recently tied the business knot with Glaswegian business man Douglas Barrowman.
The pair recently launched their first venture MMI Global Limited, with Lady Mone owning 49 per cent of shares.
Breaking News...I️ invented 17 Worldwide inventions&became one of the biggest names in the lingerie industry.After a 3 year break&being disappointed with the industry I’m coming back with a bang.My own brand will launch in 2018&will be bigger than all the others including Ultimo pic.twitter.com/H2Nagv9Jad
— Lady Mone (@MichelleMone) November 22, 2017
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