A majority stake in the bespoke lingerie company co-owned by a Jewish businesswoman since 1982 has been sold to a Belgian company.

June Kenton, often referred to as "the grand dame of British underwear", acquired the Rigby & Peller brand nearly 30 years ago with her husband Harold after building up a clothing business from shops in Brixton and Streatham.

The Kenton family has sold an 87 per cent stake to luxury brand company Van de Velde, but still has a 13 per cent minority holding in the business.

The company, which holds the royal warrant to the Queen, has developed a large celebrity following, with Cherie Blair and Dawn French among its well-known clients.

Mrs Kenton said she would only have agreed to sell to a company with the same values and vision as Rigby & Peller

"It is a privilege to sell the majority stake to Van de Velde," she said. "Like us [they are a family oriented company and appreciate the value of heritage whilst looking to the future for growth and success."