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Mellon and Schulman to leave Jimmy Choo

Tamara Mellon the founder and chief creative officer of luxury footwear label Jimmy Choo is to leave the business with immediate effect.

Mellon’s departure from the label, which was announced on Saturday (November 13), comes six months after the brand was sold to the luxury firm Labelux Group in a deal valued at £549m.

It was also reported on Saturday that chief executive Joshua Schulman will follow Mellon’s departure and leave the label early next year.

At the time of the sale it was confirmed that Mellon and Schulman would remain at the business and that they, and other members of the senior management team, would make an investment in the Labelux subsidiary set up to own Jimmy Choo.

In a post entitled Goodbye Note on her A Day, A Thrill blog Mellon posted the following: “I am so proud of all we have achieved at Jimmy Choo over the last 15 years and know that the best is yet to come….Love Tamara x.”

On her Twitter account @TamaraMellon, Mellon thanked all the public for their support. She said: “Just retweeted all of your amazing messages - Thank you all my tweet friends. I will keep you posted!”

Jimmy Choo was founded by the eponymous East London-based cobbler and Mellon in 1996 with a £150,000 loan.

The sale to Labelux, which owns brands including Swiss luxury accessories label Bally, US clothing label Derek Lam, and Italian accessories brand Zagliani, in May was the label’s fourth in 15 years. Choo sold his interest in the business in 2001.

In June it was announced that Jimmy Choo was to create a capsule collection to celebrate the company’s 15 years in business.

The collection, called Icons, features 15 pairs of shoes based on styles from the Jimmy Choo archives, including high-profile styles such as the ‘Feather’, which Sarah Jessica Parker famously lost in an early episode of Sex and the City and the ‘Fleur’, the stiletto pump worn Mellon when she received her OBE from The Queen last October.

In 2010, Jimmy Choo said that sales were £150m and the label was experiencing double digit growth across all categories and geographies, thought to be up more than 10% driven by an increase in demand in Asia, particularly China. It has expanded from 60 stores in 2007 to 120 store around the world.

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