By  on July 10, 2019

LONDON — British couture house Ralph & Russo has welcomed a new partner in La Perla Fashion Investment BV, which has taken a $50 million, non-controlling minority share.

Michael Russo, chief executive officer 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.”

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