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Ralph & Russo rescue in doubt

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.

Q&A: Your questions answered on Swindon Town court case

The question at the heart of this case is pretty simple: who owns Swindon Town? Two years ago, football agent Michael Standing and Australian construction mogul Clem Morfuni each obtained court orders preventing Lee Power from selling shares in the club. Why? Because they claimed they owned a stake in the club. Morfuni said he’d paid £1.1m for a 15 per cent stake in Town in 2018. That matter was later settled – so he does now own his 15 per cent stake. Mr Standing said he went in 50-50 with Lee Power, although his involvement was hidden at the time. Mr Power, by contrast, says that Mr Standing was acting on behalf of Premier League player Gareth Barry.

Swindon Town ownership wrangle back in High Court

Swindon Town chairman Lee Power, photographed last year at the Exeter City match Picture: DAVE EVANS Lawyers for Mr Standing and 15 per cent shareholder Clem Morfuni sought to block Mr Power’s attempt to lift both orders. Mr Morfuni’s company, Axis Football Investment Ltd, is keen to buy the club. It has offered to invest £250,000 – although a letter to Mr Power’s representatives asking for more details of Able’s offer had gone unanswered.  Judge Thompsell, the deputy High Court judge hearing the case on Monday, likened the situation to a car speeding headlong towards a wall with Mr Morfuni and Mr Standing trying to pull the steering wheel one way and Mr Power attempting to turn the car the other way.

Australian fashion designer who created Meghan Markle s engagement dress hits financial strife

Australian fashion designer who created Meghan Markle s engagement dress hits financial strife
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

Meghan Markle s engagement dress designer Ralph and Russo set to collapse due to covid-19

Meghan Markle s engagement dress designer Ralph and Russo set to collapse due to covid-19
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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