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Published
Apr 6, 2021
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Ralph & Russo had £53m of unsold stock on collapse

Published
Apr 6, 2021

The extent of the problems faced by luxury label Ralph & Russo have become clear with news that the company had £53 million worth of unsold stock when it collapsed.


Ralph & Russo - © PixelFormula


That figure was reported by The Telegraph. But that number is also an opportunity for potential buyers. The news came from the administrators of the ready-to-wear-to-couture label as they continue to seek new owners for the brand.

Hilco is marketing the company as a business that offers “an immediate commercialisation opportunity” for a buyer as the bid deadline approaches next week. It’s clear that the label has a stock position from which any new owner can make a strong start. And it has a store estate ready to sell as well. The company has 10 stores including a concession in Harrods. Hilco also said its intellectual property and franchise and licensing deals that make up just below a quarter of its revenues are important.

Ralph & Russo had been riding high just a few years ago and had received funding in recent years from Phones 4U billionaire John Caudwell, property tycoon Nick Candy and, crucially, La Perla owner Lars Windhorst. He bought a minority stake in 2019 for around £40 million that valued the company at around £175 million.

Hilco expects plenty of interest in the sale with wealthy family operations in the Middle East, where the label has a strong client base, possibly among the frontrunners.

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