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

<span class="post-quotemark">"</span>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.

<em><span id="1870"><a bof-track="" class="kws_link imp clk profile_id_1870" content="Credited with driving the global success of Jimmy Choo, she has launched her eponymous 'buy now, wear now' brand." data-e="profile.link" data-id="1870" href="https://evonix.info/people/tamara-mellon/%22 img="profiles/asset/1870/ee17c6b1915cc6e52f10f0c43c4ce158573dca5f.jpeg" profile-popover="" subtitle="Founder &amp; President, Tamara Mellon" title="Tamara Mellon">Tamara Mellon</a></span>, President and Chief Creative Officer of Jimmy Choo, <a href="http://blogs.ft.com/material-world/2011/05/22/tamara-mellon-makes-new-love-match-predicts-luxuryprivate-equity-divorce/" target="_blank">speaking</a> to <span id="488"><a bof-track="" class="kws_link imp clk profile_id_488" content="Her amusing and intelligent discourse on the business of fashion and luxury has made her a well-respected industry authority." data-e="profile.link" data-id="488" href="https://evonix.info/people/vanessa-friedman/%22 img="profiles/asset/488/23b450fdb674146a41a4c0441d2009ac7c69003e.jpeg" profile-popover="" subtitle="Fashion Director &amp; Chief Fashion Critic, The New York Times" title="Vanessa Friedman">Vanessa Friedman</a></span> 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.<br> </em>