Ralph & Russo, the British couture fashion brand which designed the Duchess of Sussex's £56,000 engagement dress, has been rescued from administration by a US investment firm. Sky News has learnt that Retail Ecommerce Ventures (REV), a vehicle set up by Tai Lopez and Alex Mehr, two entrepreneurs, agreed to buy Ralph & Russo late on Wednesday.
An announcement about the sale of the prominent label could come as soon as Thursday, according to insiders. The deal comes three months after Ralph & Russo was forced to call in administrators after running out of funding.
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