Michelle Mone split to give tycoon Ultimo control
ENTREPRENEUR Michelle Mone is set to secure a divorce settlement that will see her take full control of the lingerie company she established with her soon-to-be ex-husband.
• Michelle Mone divorce will see entrepreneur take full control of company
• Businesswoman wins out after lengthy £50 million legal settlement
Mrs Mone is expected to be in the final stages of completing a £50 million deal that will see full ownership of Ultimo transferred to the Scottish businesswoman after a lengthy legal battle over ownership of the firm with Michael Mone.
The deal will signal the end of a 20-year marriage and a business relationship that began in 1996.
Upon completion of the agreement, Mrs Mone, whose estimated worth stands at £39 million, will take full control of the firm and the company headquarters in East Kilbride.
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