Atlanta Jimmy Choo footwear lovers, co-founder and Chief Creative Officer of Jimmy Choo, Tamara Mellon, who founded the popular and iconic Jimmy Choo footwear company 15 years ago, is expected to sever ties soon.
Word has it that Chief Executive Officer Joshua Schulman will also be leaving Jimmy Choo, originally a Malaysian-born cobbler from Hackney in East London.
The upscale footwear maker Jimmy Choo was acquired some five months ago by Labelux, a European private equity firm that also owns Bally, for $811 million.
According to the Telegraph, both the departures of Schulman and Mellon are amicable and the two will be staying on for the next few months until “suitable replacements” are found.
Mellon had founded the Jimmy Choo label in 1996 with a loan of 150,000 pounds from her father, Tommy Yeardye, and helped to grow the company to net sales of over 150 million pounds by the end of 2010!
Prior to her collaboration with Jimmy Choo, Ms Mellon was an Accessories Editor for Vogue magazine in the early 1990’s, where she met him.
At the time Mellon met Choo, he was making hand-made women’s shoes with sales of around twenty pairs per week.
No clear reasons have been given for Tamara Mellon’s departure but it is believed that her equity share at Jimmy Choo’s has declined along with her input at the company since Labelux’s acquisition and her decision to leave is reportedly in no way connected with Schulman’s departure.