Ralph & Russo collapsed with £53m of unsold stock, the administrators of the celebrity fashion label have revealed as they court new owners.
The assets offer “an immediate commercialisation opportunity” for a buyer, according to marketing documents issued by administrators to potential bidders ahead of a deadline next week.
The difference between such high end clothes and the stuff pumped out by Primark isn’t as all that great as you might think. By far that largest part of that “value” of the stock is the branding costs that get people to pay high prices for it. The actual cloth and stitching and all is better, yes, but not all that much.
And if the brand is gone, along with all that spending upon making people think it’s high value, then the clothes are worth…..