Pip Edwards looks downcast outside her P.E Nation office in Sydney

Pip Edwards has been spotted for the first time after announcing she made six of her staff redundant.

On Monday, the normally vibrant Edwards, 43, was seen make-up free and seemingly lost in thought outside her Sydney office.

Pip looked comfortable on the day in a grey T-shirt under an off-white sweater.

She paired the look with black trackpants, a battered leather jacket and a designer handbag.  

Pip wore her signature rusty blonde locks wild on the day and carried a plastic bag and several documents in her hand.

The sighting comes on the heels of the unfortunate news of P.E Nation downsizing due to ‘challenging market conditions’.

‘In response to the challenging economic conditions, the board of P.E Nation has implemented measures to streamline and restructure the business,’ Edwards stated in an official release to The Daily Telegraph.

‘Regrettably, this has resulted in the difficult decision to make six staff redundant.’

Pip added: ‘These measures align with the overall restructuring efforts, which are necessary to secure the continued growth and success of the business.’

The Sydney socialite launched her activewear label P.E Nation in 2016 with her friend and business partner Claire, turning it into an international brand sold by 600 individual retailers in 95 countries. 

Earlier this year, Pip was forced to deny rumours of a falling out with Claire – whose office had been cleared out and turned into a ‘creative space’ following a months-long absence.

The pair went on a business trip to the UK together in November 2022, where they promoted their athleisure company, took selfies in London, and lunched with the likes of former foreign minister Julie Bishop.

But Daily Mail Australia revealed there were rumours swirling the deep friendship at the core of the business may have crumbled during their luxury trip away.

A source with knowledge of the company’s internal dealings alleged: ‘Pip and Claire have had a falling out.’

The source said Tregoning took one month off in December, extended her break for another month in January, and then opted for another three months’ leave.

Her office in the company’s Sydney headquarters has now been cleared and repurposed as a ‘creative room’.

A P.E Nation spokeswoman denied that the pair are feuding, insisting they remain ‘committed and collaborative business partners’.

‘Claire is taking some well-earned time off and remains an important part of P.E Nation,’ the spokeswoman said. ‘(She) is taking a well-earned sabbatical for a few months.’

Tregoning reiterated the message when contacted for comment, adding: ‘The business and Pip have both been great supporters of my sabbatical and I am grateful to have this time off with my family.’

She did not respond to questions about her office at headquarters being cleared out, however the P.E Nation spokeswoman admitted it has been repurposed for the duration of her absence.

‘Whilst Claire is not in the office, we are using her office space for other purposes, including a meeting and creative room,’ they said.