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Retail Ecommerce Ventures Acquires British Luxury Brand Ralph & Russo

Retail Ecommerce Ventures (REV) has completed the acquisition of its business and assets for Ralph & Russo Limited, a UK-based luxury brand specializing in haute couture, ready-to-wear and luxury goods. Co-administrator Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory carried out the sales process.

REV was founded in 2019 by Alex Mehr and Tai Lopez. Over the past two years, REV has successfully acquired a series of acquisitions, including the Pier 1, Radio Shack, Dressbarn and Stein Mart brands.

“REV has a solid track record of globally acquiring and growing iconic retail brands. Co-administrators are confident that this acquisition will support the global success of the Ralph & Russo brand.” Said Paul Appleton of the Begbies Traynor Group in a statement.

Tai Lopez, Executive Chairman of REV, commented: REV’s investment has great potential for the Ralph & Russo brand to maintain and grow its market-leading position at the forefront of luxury design. ”

Ralph & Russo is an international luxury brand that is respected for creating contemporary and world-class designs. Initially entering the market with couture, it has expanded into a global luxury lifestyle brand, including ready-to-wear, leather goods, accessories and sunglasses.

Fiber2Fashion News Desk (KD)

Retail Ecommerce Ventures (REV) has completed the acquisition of its business and assets for Ralph & Russo Limited, a UK-based luxury brand specializing in haute couture, ready-to-wear and luxury goods. Co-administrator Paul Appleton of Begbies Traynor Group and Andrew Andronikou of Quantuma Advisory carried out the sales process.

Retail Ecommerce Ventures Acquires British Luxury Brand Ralph & Russo

Source link Retail Ecommerce Ventures Acquires British Luxury Brand Ralph & Russo

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