“The businesswoman – who built the Jimmy Choo brand with the eponymous Malaysian-born cobbler – sold the company for $800 million in 2011, leaving her with an estimated $135 million fortune, and has been carefully plotting her next move ever since”.
Mellon did sign a non-compete agreement after leaving Choo which is about to expire, her plan is to go into business in a big way.
A source told the New York Post newspaper:
”The plan is to open a number of up-market flagship stores in New York, Los Angeles and London, with further plans to expand into Asia. There is also some talk of a move into lifestyle once things really take off.”
Mellon had raised twenty five million dollars to get the business going. Some investors are fashion heavy-weights Tory Burch and Tommy Hilfiger. Her plans are to open further stores in Brazil, Hong Kong, Qatar and Singapore within the next few years.
Speaking about leaving Jimmy Choo, Tamara, forty five years old, had said she wanted to go while still young enough to start a new business. She said:
”I’d rather take the risk and have a new challenge.”