Michelle Mone split to give tycoon Ultimo control

Published on 28/01/2013 12:46

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.