Ralph & Russo rescue in doubt
The future of Ralph & Russo has been thrown into further uncertainty after an abrupt directorship exit, and a prospective buyer pulled out of a deal.
The womenswear brand fell into administration in March. Paul Appleton, managing partner at Begbies Traynor Group, and Andrew Andronikou, managing director at Quantuma Advisory, were appointed as joint administrators, and began working on a “discreet accelerated marketing exercise”.
As part of the sale process, five anonymous suitors stepped forward to make firm bids, but in the first week of May, the leading bidder dropped out two days before planned completion of a deal.
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