Nick Candy’s investment vehicle has settled a multi-million pound dispute with the founder of Ralph & Russo that was prompted by the collapse of the fashion house four years ago.
Candy Ventures began a legal claim against Tamara Ralph after the business she founded with Michael Russo collapsed, owing the investment firm over £15 million.
Ralph & Russo was a favoured brand with celebrities such as Kylie Jenner and Adriana Lima, and it garnered huge attention when the Duchess of Sussex wore one of the fashion house’s creations when announcing her engagement to Prince Harry.
Nick Candy’s investment company was Ralph & Russo’s largest creditor
TIMES PHOTOGRAPHER JACK HILL
Yet the luxury group was sustaining significant losses in the lead-up to its administration, and it was ultimately unable to repay a loan from Candy Ventures, its largest creditor. Administrators
