Tamara Ralph and Candy Ventures settles legal case brought by the major Ralph & Russo creditor
, designer and one half of ex-top British couture duo Ralph & Russo, has settled a legal dispute with Candy Ventures that was owed over £15 million by her failed former Ralph & Russo business.
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It comes shortly after her former label again filed for administration with the owners who bought it in 2021 appearing to have thrown in the towel
The fashion house with which Ralph was still involved collapsed four years ago and The Times reported that Candy Ventures launched a legal claim against her over a loan it had made to the firm she founded with Michael Russo.
Candy was its largest creditor and claimed she'd misused company funds for personal expenses, an allegation she strongly denied.
The case was due to reach the High Court, but as is often the case, the parties have agreed a confidential settlement. Neither side has commented on this.
Ralph has launched a new fashion business under her own name which — like Ralph & Russo before it — has been proving popular for red carpet events.
As for the Ralph & Russo brand, that was acquired out of administration in July 2021 by US-based Retail Ecommerce Ventures. But its bold ambitions for the label appear to have come to nothing with administrators at RSM appointed late last month.
But with Tamara Ralph's current celebrity success, it's clear that interest in the ultra-glam look for which she is currently and Ralph & Russo had been known is in high demand.
That was also underlined earlier this year when there was intense interest in an auction sale of the couture archive of Ralph & Russo at Bonhams.
Featuring 120 lots, it was the first time such a large number of dresses from the label's archives were available. Hot pieces included dresses worn on the red carpet by Angelina Jolie, Anne Hathaway, Zendaya and Kylie Jenner.
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