Tamara Ecclestone has made the “difficult decision” to close down two of her businesses just one month after a £50 million raid on her home.
The F1 heiress, 35, was forced to shut down her Fifi & Friends store as well as her Show Beauty salon.
She had been making efforts to avoid the closures, but they sadly went ahead.
The star thanked all of her employees for their hard work, and it was confirmed that they had all been given a redundancy payment.
A representative for Tamara told MailOnline: “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.”
Tamara owned both companies, but they were managed and operated by global brand management group CAA-GBG, who specialise in connecting brand with consumers.
Yesterday, a man was arrested following a £50 million burglary at Tamara’s home last December.
A Metropolitan Police spokesperson said: “During the evening of Thursday, 30 January, a man aged 29, was arrested at Heathrow Airport on suspicion of conspiracy to commit burglary.
“He was taken into custody where he remains.
“The arrest relates to a burglary in Palace Green, W8 on Friday, 13 December. Police were called to the scene at around 23:11hrs after a number of items of jewellery were reported stolen.
“Anyone with information is asked to call police on 101 or tweet @MetCC and quote 8786/13Dec. Alternatively, contact Crimestoppers anonymously on 0800 555 111. “
It was reported in December that £50 million worth of jewellery had been stolen from Tamara’s mansion.
The star was said to have been left “angry” and “shaken” by the ordeal.
Tamara, who lives in the £70m London property with husband Jay Rutland and daughter Sophia, five, had left the country just hours before the alleged raid took place.
Every piece of jewellery in the 57-room property in Kensington, London, was said to have been pinched.
Mirror Online has contacted Tamara’s representatives for comment.