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Yours for a Tennor: fashion house fit for a duchess sold

The British fashion house behind the dress worn by the Duchess of Sussex in her engagement photographs has sold a $50 million stake to the controversial owner of La Perla, the luxury lingerie brand.

Ralph & Russo was founded by Tamara Ralph and Michael Russo, two Australians who met in London before becoming romantic and business partners. The company was launched in 2010 and has become the first British brand to be accepted by the Chambre Syndicale de la Haute Couture, the Parisian governing body that decides whether a label is eligible to be a couture house.

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