One love affair ends and another begins: after three (count ‘em) relationships with private equity firms, Tamara Mellon, chief creative officer and founder of Jimmy Choo has hooked up with a long-term partner in the form of Labelux. Or at least that’s how she sees it.
“It feels like we have finally come home,” she said, when I called her hours after the commitment ceremony that was the private group’s acquisition of the luxury accessory brand. “They are in this for the long-term,” she continued happily. “Ten years is a short horizon for them.”
According to Ms Mellon, this is a huge relief after the upheaval that was her brand’s various private equity pairings, each of which lasted the usual three to five years. Read more