Ralph & Russo's administrators are suing Tamara Ralph over alleged lavish spending “with no business justification” by the co-founders that they say hurt the firm's survival chances. She has denied the claims.
Upscale label Ralph & Russo’s administrators have reportedly struck a rescue deal with the US entrepreneurs behind Retail Ecommerce Ventures (REV) with an announcement about the “complex” deal said to be imminent.
More news that suggests Ralph & Russo’s administration could mean a very different future even if the label survives. A news report Thursday said the business is looking to dispose of most of the space in its London HQ.
Offers for luxury label Ralph & Russo need to be in by April 14, Hilco, which is running the auction of the failed business, said on Monday. And one of its joint administrators spoke of a “high level of interest”.
Pandemic or not, the ultimate expression of luxury in fashion, the Paris haute couture season, will debut digitally Monday with almost 30 houses vying for the attention of the world’s most expensively dressed women.