Tennor Holding, a global investment holding company, invested $50m in Ralph & Russo, a European, privately held fashion company owned and founded by Tamara Ralph and Michael Russo. Robin Bagchi, CEO of Tennor Holding, said: “We are delighted to be able to provide Ralph & Russo with the funding required to further the expansion of the brand internationally. We share the brand’s entrepreneurial spirit and passion for luxury, and believe this investment is complementary to our existing holding in La Perla UK and look forward to working with Tamara Ralph and Michael Russo.”