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Tag: family business

Divorce and the family business: what the law says about family businesses and what happens after break up

Michelle Mone seemingly has it all – founder of the successful Ultimo bra company, married with three children and living a jet-set lifestyle which takes her all over the world to promote her business, which is worth an estimated £50m.

So the news earlier this year that Mone was to split from her long term husband and business partner Michael came as a major shock. In interviews in February Mone described how her hectic schedule had effectively left her and her husband as only business partners, and how their split had left them living in separate wings of their substantial family home.

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