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

Tennor acquires minority stake in UK's Ralph & Russo

14
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


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search