Tamara Mellon Exits Jimmy Choo

As it states—Tamara Mellon, head of Jimmy Choo, poises to quit the luxury shoe brand she founded 15 years ago—following a takeover and integration by Labelux. The shocking departure is also accompanied by current chief executive, Joshua Schulman, which was quoted by banking resources. The pair no longer has any financial interest in the group.

Reinhard Mieck, chief executive of Labelux, said: “Jimmy Choo is an outstanding brand with enormous growth potential and the ability to deliver material growth synergies across our group. With a successful transition behind them, we respect their wishes to move on to other challanges.”

As understood, the exit will end her relationship with the brand that she set up with Mr.Choo.

Working as Accessories Director for British Vogue magazine in the early 1990s, Mellon met Choo who was then a bespoke hand-made shoemaker.

Jimmy Choo was founded in 1996 with the financial assistance (a loan) of Mellon’s father, Tommy Yeardye—who co-founded the Vidal Sasson hair products empire. Tamara secured funding from her father for creation of her business. Recognizing the potential for development of high-end designer accessories, Mellon approached Choo with the business proposition of launching a ready-to-wear shoe company. A decision was made— a colab made in heaven!

Since then, Jimmy Choo has grown in becoming an international luxury brand. To name drop, Pop-Star Beyonce Knowles is a lover of the shoes!

The 15 year investment generated Tamara Mellon a multi-million dollar fortune. She’s also considered one of Britain’s richest women.

There is expected to be a replacement for Schulman by next year….whereas he had a good run at Jimmy Choo

By, Latoya 

Posted on by Icy Twan in LATEST

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