Towne Center losing a lingerie boutique, has two new tenants lined up
At Privé Lingerie Boutique in Towne Center, lingerie is on sale 60% to 70% off—"some of it more than that," says owner Heather Savoy. And by Tuesday, the final day of business for Privé, Savoy hopes to have it all sold. The boutique will close its doors for good next week, Savoy says, with the termination of its lease. "It's been five years, and it's time to move on from that," Savoy says, noting her niche boutique stumbled with the stagnant economy a few years ago and hasn't fully recovered. "It just doesn't make a lot of sense to keep doing it," she says. Savoy says she's going back to work in residential real estate full-time—which she did for 12 years prior to opening Privé in 2007—and focus more on her three children. She says she was supported well by a core clientele, but is moving her abundant luxury stock at thrifty prices. The $100 luxury bras are on sale for $20, for example. Privé Lingerie Boutique is open from 10 a.m. to 6 p.m. and closed Sunday. Towne Center spokeswoman Rebecca Rainer says the shopping center is currently in the final stages of negotiations with two new tenants—one of which might possibly move into the Privé location—but won't reveal who they are until leases are signed. If both potential tenants do move in, Rainer says, then Towne Center will be 100% occupied. For a series of articles Business Report did in 2008 on starting a small business, which tracked Privé as it prepared to open, click here. —Adam Pearson
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