Pip Edwards shows off her $1,000 Balenciaga slides as she heads to a Pilates class in Sydney
Pip Edwards is known for her love of designer clothing and accessories.
And on Saturday, the 42-year-old PE Nation founder showcased her designer slides as she disembarked in Sydney.
The activewear designer wore black fur sandals by Balenciaga, which retail for $1,020, while attending a Pilates class.
When Pip arrived at the studio, she kept warm in a brown jumper from her collection and black sweatpants.
The Sydney socialite kept a low profile in sunglasses and a hoodie as she parked her car and crossed the street.
Pip Edwards (pictured) showed off her $1,000 Balenciaga slides as she headed to a Pilates class in Sydney on Saturday
The sighting follows the unfortunate news that PE Nation has been downsized due to “challenging market conditions”.
“In response to the difficult economic conditions, PE Nation’s board has taken steps to streamline and restructure the business,” Edwards told The Daily Telegraph in an official press release.
“Unfortunately, this has led to the difficult decision to lay off six employees.”
Pip added, “These actions are consistent with the overall restructuring effort necessary to ensure the continued growth and success of the business.”
The Sydney socialite founded her activewear label PE Nation with friend and business partner Claire Tregoning in 2016 and grew it into an international brand sold by 600 individual retailers in 95 countries.
When Pip arrived at the studio, she kept warm in a brown jumper from her collection and black sweatpants
Earlier this year, Pip was forced to deny rumors of a falling out with Claire – whose office had been vacated after months of absence and turned into a “creative space”.
In November 2022, the pair took a business trip to the UK together, where they promoted their athleisure company, snapped selfies in London and had lunch with the likes of former Foreign Secretary Julie Bishop.
But Chron Australia revealed there were rumors the deep friendship at the core of the deal may have been broken during their luxury trip.
The Sydney socialite kept a low profile in sunglasses and a hoodie as she parked her car and crossed the street
A source with knowledge of the company’s internal workings claimed, “Pip and Claire have had a fight.”
According to the source, Tregoning took a month off in December, extended her hiatus by another month in January, and then opted to take another three months vacation.
Her office at the company’s headquarters in Sydney has now been cleared and converted into a “creative space”.
A spokeswoman for PE Nation denied there were any disputes between the two, insisting they remain “dedicated and cooperative business partners”.
The post follows the unfortunate news that PE Nation has been downsized due to “challenging market conditions”.
“Claire is taking a well-deserved break and remains an important part of PE Nation,” the spokeswoman said. “[She]is taking a well-deserved break for a few months.”
Tregoning, when asked to comment, reiterated the message, adding, “The company and Pip have both been great supporters of my sabbatical and I’m grateful to be able to spend this free time with my family.”
She did not respond to questions about the vacating of her headquarters office, but PE Nation’s spokeswoman admitted it was repurposed for the duration of her absence.
“While Claire is out of the office, we use her office space for other purposes, including a meeting and creative space,” they said.
Earlier this year, Pip was forced to deny rumors of a falling out with Claire – whose office had been vacated after months of absence and turned into a “creative space”.