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.”