Quotable | Tamara Mellon says that the private equity model does not fit with fashion and luxury

Tamara Mellon | Source: Designer Planet

Private equity is about financial engineering, and that model is very difficult to apply to fashion and luxury, when it can take 30 years to really build a brand. It’s very stressful on a company to keep going through” the break-ups and new make-ups that are involved with continual changes of ownership.

Tamara Mellon, President and Chief Creative Officer of Jimmy Choo, speaking to Vanessa Friedman of the Financial Times, following the announcement of the acquisition of the luxury shoe brand by German luxe group Labelux from Towerbrook Partners, a private equity firm.