Home / Knowledge / News / Fashion / Tennor acquires minority stake in UK's Ralph & Russo

Tennor acquires minority stake in UK's Ralph & Russo

Jul '19
Pic: Tennor Holding
Pic: Tennor Holding
Tennor Holding B.V, a global investment holding company and the owner of La Perla Fashion Investment B.V., recently announced acquiring a minority stake in Ralph & Russo, the British couture fashion brand, with the option to increase its holding by up to 40 per cent. Ralph & Russo is a privately held company founded by Tamara Ralph and Michael Russo in 2010.

Ralph & Russo specialises in couture, employing 350 people in the United Kingdom. The brand is the first British member in almost a century to be accepted by The Chambre Syndicale de la Haute Couture–the governing body that defines which fashion brands are eligible to be true couture houses.

Tennor’s $50million investment in Ralph & Russo is made within the same luxury fashion investment theme as Tennor’s investment in La Perla Global Management (UK) Limited, the international luxury lingerie brand with strong Italian heritage.

This investment covers the funding requirements Ralph & Russo needs to accelerate its existing global growth plans, according to a press release from Tennor.

Pascal Perrier, chief executive officer of La Perla UK, will join the board of Ralph & Russo in a non-executive advisory capacity. Ralph & Russo will remain as a fully independent company, led by the existing management team. (DS)

Fibre2Fashion News Desk – India

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