Business

Ralph & Russo Gets $50 Million Investment From La Perla Fashion Investment B.V.

By Donovan | July 18, 2019 0 Comments

Ralph & Russo Fall 2019 Couture.

LONDON — British high end couture fashion house Ralph & Russo has just welcome a new partner.

The company, which was founded in 2010 by Tamara Ralph and Michael Russo has partnered La Perla Fashion Investment B.V., which has taken a $50 million, non-controlling minority share, according to WWD.

Michael Russo, chief executive of Ralph & Russo, described the investment as strategic, and said it signifies “an important step in allowing Ralph & Russo and our team to realize our long-term growth plans whilst keeping the brand privately owned and managed.”

Pascal Perrier, La Perla Global Management (UK) Limited chief executive, will join the board of directors in a non-executive advisory capacity. Russo said the company was looking forward to Perrier’s assistance in delivering its goals.

Perrier, who was previously chief executive of Burberry Group Asia-Pacific, said Tamara Ralph and Michael Russo have done “a phenomenal job at creating one of the world’s top luxury fashion brands in a short space of time. I fully support the founders’ strategy, and look forward to being a part of Ralph & Russo’s continued success story.”

Since first launching nine years ago, Ralph & Russo has expanded into high-end rtw and accessories and rolled out standalone stores in London, Paris, Dubai, Doha and Monte Carlo, with units in Miami and New York set to open soon. It also has a shop-in-shop at Harrods.

The company is also known for its service offer, with designer Tamara Ralph and her team constantly traveling for fittings and client appointments and customers receiving films of their dresses being made in the vast London atelier.

La Perla Fashion Investment describes itself as wholly-owned subsidiary of Tennor Holding B.V., a global investment holding company which invests in public and private companies via majority and minority stakes, as well as public and private debt instruments. It is also an indirect majority shareholder of La Perla Global Management (UK) Limited, the head office of the La Perla operating entity.