EXCLUSIVE: Ralph & Russo Gets $50 Million Investment from La Perla Fashion Owner

LONDON — British couture house Ralph & Russo has welcomed a new partner in La Perla Fashion Investment B.V., which has taken a $50 million, non-controlling minority share, WWD has learned. An announcement is expected today. 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.” The Duchess of Sussex wearing Ralph & Russo in her official engagement picture.  Alexi Lubomirski/HANDOUT/EPA-EFE/REX/Shutterstock Ralph & Russo was founded in London in 2010, and rapidly built a name in couture, becoming the first British guest member of

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