REV was founded by Alex Mehr and Tai Lopez in 2019. Over the past two years, REV has made a series of successful acquisitions including the Pier 1, Radio Shack, Dressbarn and Stein Mart brands.
“REV has a strong track record of acquiring and growing iconic retail brands globally. The joint administrators are confident that this acquisition will bolster the success of the Ralph & Russo brand globally,” Paul Appleton of Begbies Traynor Group said in a statement.
Tai Lopez, executive chairman of REV commented: “Ralph & Russo is a globally celebrated brand with a unique position in the luxury sector and significant brand affinity. With REV’s investment, there is massive potential for the Ralph & Russo brand to retain and grow its market leading position at the forefront of luxury design.”
Ralph & Russo is an international luxury brand, revered for creating designs that are contemporary and sought after worldwide. Having initially entered the market with couture, the brand expanded to become a global luxury lifestyle brand, encompassing ready-to-wear, leather goods, accessories and sunglasses.
Fibre2Fashion News Desk (KD)