TAMARA Ecclestone has shut down two of her companies – just weeks after she was burgled.
The F1 heiress has shuttered Fifi and Friends, her natural baby and toddler care collection, and Show beauty salons.
Tamara made the decision due to the end of a business agreement with the agency responsible for running the day-to-day operations.
Whilst Tamara owns the companies under the umbrella of SBD International, both businesses were managed and operated by CAA-GBG under an agreement that expired in December 2019.
SHOW Beauty salons have closed, with a closure sign being seen in the windows of the salons today, stating that all future bookings have been cancelled and that all clients will be refunded.
It is understood that the businesses have not closed due to insolvency or any financial problems.
Employees were given notification of the closures in December and although the beauty salons are shut, some staff are staying on to assist with the winding down of the businesses.
A source revealed that this is not a decision Tamara has made lightly and she continues to consider the future of the businesses.
A spokesperson for Tamara said: “Sadly the ‘Show Beauty’ and ‘Fifi & Friends’ businesses have closed following the end of the arrangement with the agency which managed and operated them. Efforts had been made over the past weeks to try and avoid the closures.
“Sadly, these efforts have been unsuccessful and the difficult decision has been made to close. Although Tamara has not been involved in the day to day running of the business, Tamara would like to thank the staff for all of their hard work and has ensured that the employees have all received a redundancy package.”
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It is thought the two businesses employed around 40 people across its various locations.
It is expected that Tamara will focus on being a full-time mum to daughter Fifi during 2020 after being the victim of a devastating burglary before Christmas.
Almost £50 million worth of jewellery was stolen from the family home in Kensington while Tamara, husband Jay and daughter Fifi were on holiday in Lapland.