Word: mellone
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NAME TAMARA MELLON...
...Tamara Mellon wishes some people would stop seeing her as a lucky girl who took a clever gamble with a loan from Daddy. Says she: "I keep being asked, 'Haven't you made enough money? Don't you want to stop working?' People would never say that to a man. I'm in my prime right now. This is just the beginning...
...fact, this fashion fairy tale began 11 years ago, when Mellon, 39, then an accessories editor at British Vogue, spotted the potential of an East London shoemaker. With seed capital in the form of a £150,00 ($307,000) loan from her father Tommy Yeardye, who made his fortune with Vidal Sassoon hair products, she set about turning Jimmy Choo into a global brand...
...language of business along the way. A partnership was formed with Equinox Luxury Holdings in 2001, and by 2004, when Lion Capital acquired the majority shareholding, Jimmy Choo was valued at $207 million. Earlier this year, Jimmy Choo was acquired by private-equity fund TowerBrook for $379 million. Mellon is thought to have netted about $49.2 million from the deal, the majority of which she has reinvested in the company...
Faust had turned down many alluring opportunities. She had said no to the University of Chicago, to the Mellon Foundation, and to the University of Pennsylvania. Now she had a chance to rise to a position she had come to covet...