Tamara Mellon Secures $50 Million USD in a Series C Funding Round

(Los Angeles, CA) Tamara Mellon, a women’s luxury shoe brand, is co-founded by Tamara Mellon and Jill Layfield. Tamara Mellon, herself, is the ex-co-founder of Jimmy Choo. Incidentally, Ms./Mrs. Mellon did the previous in the year 1996. For the women’s luxury shoe brand, Tamara Mellon, the previously mentioned founders focus on the following. The founders focus on the idea that, luxury exists through craftsmanship. In reference to the craftsmanship that gives definition to this luxury shoe brand, there are the following concepts; a balance to the comfort, the extra effort makes the difference and luxury comes from the old ways of doing things. Recently, the brand Tamara Mellon announced that, it will continue to be co-founded by the same two women. Specifically, the aforementioned women’s luxury shoe brand revealed that, it has secured $50 million USD in a Series C funding round. Additionally, that it has raised $87 million USD in total funds. As part of this funding round, current investors decided to double down on their bet. The current investors who doubled down on their bet are NEA and Quadrille Capital. The most noteworthy new investor of the brand Tamara Mellon, is Centricus.

Centricus as the most noteworthy new investor, of Tamara Mellon, will be contributing funds for the following. The funds will be used for the following three things. The three things are the hiring of more workers, a retail expansion and the development of manufacturing innovations. The first thing, Tamara Mellon, did reveal the following. It revealed that, it wants to have 60 employees in total, by the end of the year 2019. Currently, there are 40 employees in total. Regrettably more information, was not revealed, for the remaining two things. However and returning to, the brand Tamara Mellon, the aforementioned women’s shoe brand opened its first store in Los Angeles California, U.S.A. The location was Palisades Village. The idea was to re-imagine the luxury footwear retail experience. The actual store, ended up being based on a shoe closet. As a result; there were shoe walls, and, the customer was allowed to try on any shoe.

Nizar Al-Bassam is the Co-Founder of Centricus. Through a press statement, Mr. Al-Bassam said the following. “We are pleased to be supporting Tamara, Jill and their exceptional team at this crucial stage of Tamara Mellon Brand’s development. The personal luxury market has attractive fundamentals and is ripe for disruption, driven by Millennial preferences for engagement with brands and access to products.” Nizar Al-Bassam also said. “Centricus has made a number of recent investments in the luxury space, and we see an exciting opportunity to support Tamara Mellon Brand in further developing the brand, channel and product strategy that harnesses insights from data science to unlock the brand’s significant growth potential.”

To end, the brand Tamara Mellon did release a press statement. Jill Layfield is the Co-Founder of Tamara Mellon. Through a press statement, Ms./Mrs. Layfield said the following. “Tamara and I are thrilled to have Centricus join our impressive group of investors. They are a smart and thoughtful team with an incredibly important global perspective. We are also very grateful to our customers and employees who have been with us for an amazing two-and-a-half years, and can’t wait for what comes next.” As previously stated, the brand Tamara Mellon recently announced that, it will continue to be co-founded by the same two women. Specifically, the aforementioned women’s luxury shoe brand revealed that, it has secured $50 million USD in a Series C funding round. Additionally, that it has raised $87 million USD in total funds. As part of this funding round, current investors decided to double down on their bet. The current investors who doubled down on their bet are NEA and Quadrille Capital. Lastly, the most noteworthy new investor of the brand Tamara Mellon, is Centricus.