Tamara Mellon files for bankruptcy protection
The designer has filed for voluntary Chapter 11 bankruptcy protection
English designer Tamara Mellon of Tamara Mellon LLC has filed for voluntary Chapter 11 bankruptcy protection. The former Jimmy Choo co-founder established the company in 2013, focusing on women's shoes, apparel, handbags and accessories.
According to WWD, Tamara plans to exit Chapter 11 in 60 days or less to form a new company. But for now, the company will run as usual without any employee layoffs.
"We will use this brief period of reorganisation so we can position ourselves to take advantage of our new growth strategy and ensure the long term vibrancy of our brand," said Tamara in a statement. "We expect that we will emerge from this stronger than ever in 60 days or less, and all of us at Tamara Mellon look forward to pursuing our passion long into the future."