Retail Ecommerce Ventures (REV) has completed the acquisition of the business and assets of Ralph & Russo Limited, the UK-based luxury brand specialising in couture, ready-to-wear and luxury goods. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, acting as joint administrators, conducted the sales process.
REV was founded by Alex Mehr and Tai Lopez in 2019. Over the past two years, REV has made a series of successful acquisitions including the Pier 1, Radio Shack, Dressbarn and Stein Mart brands.
“REV has a strong track record of acquiring and growing iconic retail brands globally. The joint administrators are confident that this acquisition will bolster the success of the Ralph & Russo brand globally,” Paul Appleton of Begbies Traynor Group said in a statement.
Tai Lopez, executive chairman of REV commented: “Ralph & Russo is a globally celebrated brand with a unique position in the luxury sector and significant brand affinity. 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.”
Ralph & Russo is an international luxury brand, revered for creating designs that are contemporary and sought after worldwide. Having initially entered the market with couture, the brand expanded to become a global luxury lifestyle brand, encompassing ready-to-wear, leather goods, accessories and sunglasses.
Fibre2Fashion News Desk (KD)
Retail Ecommerce Ventures (REV) has completed the acquisition of the business and assets of Ralph & Russo Limited, the UK-based luxury brand specialising in couture, ready-to-wear and luxury goods. Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory, acting as joint administrators, conducted the sales process.