×
3 477
Fashion Jobs
HOMESENSE
Homesense Altrincham Loss Prevention Security Officer Part Time 20 Hours
Permanent · Altrincham
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · London
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · London
NGG
Revenue Operations Manager
Permanent · LONDON
DEBENHAMS
Key Account Manager
Permanent · LONDON
BOOHOO
SEO Assistant & Copywriter
Permanent · MANCHESTER
FRASERS GROUP
General Kitchen Manager
Permanent · SHIREBROOK
URBN
Free People Keyholder - Duke of York, London (16hrs)
Permanent · LONDON
URBN
Free People Keyholder - Duke of York, London (32hrs)
Permanent · LONDON
HARVEY NICHOLS KNIGHTSBRIDGE
Security Officer
Permanent · LONDON
AESOP
Retail Consultant | Aesop Harrods Counter London | Full Time
Permanent · London
VF INTERNATIONAL
Credit Controller - German Speaking
Permanent · CALVERTON
NEW BALANCE
Associate Trade Marketing Manager, Lifestyle
Permanent · Warrington
MATCHES FASHION
Accounts Payable Assistant
Permanent · LONDON
SCHUH
Accounts Payable Specialist
Permanent · LIVINGSTON
I SAW IT FIRST
Head of Creative - i Saw IT First & Missguided
Permanent · STRETFORD
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · DARTFORD
EVERLAST GYMS
General Manager - Everlast Gyms
Permanent · SELBY
MULBERRY
Customs Entry Coordinator
Permanent · SHEPTON MALLET
SELFRIDGES
Finance Manager - Stock
Permanent · LONDON
NEXT
Sales Manager - Stockton Teesside Retail Park
Permanent · THORNABY
NEXT
Sales Coordinator - Blackburn The Mall
Permanent · BLACKBURN
Ads
Published
Jul 1, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ralph & Russo rescued by US investors - report

Published
Jul 1, 2021

Upscale label Ralph & Russo’s administrators have reportedly struck a rescue deal with the US entrepreneurs behind Retail Ecommerce Ventures (REV) with an announcement about the “complex” deal said to be imminent.



Ralph & Russo - Spring-Summer2020 - Haute Couture - Paris - © PixelFormula



The couture and ready-to-wear eveningwear and bridal specialist was forced to call in administrators three months ago after the effects of the pandemic devastated its business.

Hope had been fading for any kind of deal with co-founder Tamara Ralph departing in May and news last month that the company was seeking to offload most of the space in its London headquarters.

The rescue deal by the owner of Dressbarn was reported by Sky News, which said that REV is a vehicle set up by Tai Lopez and Alex Mehr. A number of other bidders are said to have been keen to acquire the brand.

It’s unclear exactly what the new owners’ plans are given Tamara Ralph’s exit from the business and the fact that co-founder Michael Russo is also not believed to be involved.

They know a lot about retail, but their experience with businesses such as Dressbarn, Stein Mart, Pier 1, Radioshack, The Book People and FarmersCart is a long way away from the kind of ultra-luxury fashion that sells at an average price of £50,000 per dress.

Ralph & Russo was launched 11 years ago by the two co-founders and attracted investment from real estate entrepreneur Nick Candy and Phones 4 U retail billionaire John Caudwell. More recently, the owner of the La Perla label invested around £40 million in the business in return for a minority stake. Dutch investment company Tennor Holding BV said in 2019 that its stake purchase was “made within the same luxury fashion investment theme as [its] investment in La Perla Global Management [and] covers the funding requirements Ralph & Russo needs to accelerate its existing global growth plans”.

Those plans were ambitious two years ago and seemed eminently realisable as the luxury sector boomed and new stores in luxury hubs seems almost guaranteed to succeed. The label was riding high on a wave of publicity generated by its appearances on red carpets and high-profile patronage, such as Meghan Markle wearing it to announce her engagement to Prince Harry.

But, as with so many other fashion firms, the pandemic exposed the fragility of the business as the gala events and weddings on which it depended were cancelled worldwide.

Copyright © 2023 FashionNetwork.com All rights reserved.