Retail Ecommerce Ventures acquires Ralph & Russo
Credit: Ralph & Russo
Retail Ecommerce Ventures (REV) has made a successful bid to acquire the business and assets of Ralph & Russo, the UK-based luxury brand specialising in couture, ready-to-wear, leather goods, sunglasses and luxury goods.
REV was founded in 2019 and since then, has made a series of successful acquisitions including the Pier 1, Radio Shack, Dressbarn and Stein Mart brands.
Commenting on the sale, Paul Appleton of Begbies Traynor Group, who acted as a joint administrator with Andrew Andronikou of Quantuma Advisory, said: “The joint administrators are confident that this acquisition will bolster the success of the Ralph & Russo brand globally. “
Tai Lopez, Executive Chairman of Retail Ecommerce Ventures commented: “With REV’s investment, there is massive potential for the Ralph & Russo brand to retain and grow its market leading position at the forefront of luxury design.”
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