The sale of womenswear brand Ralph and Russo is reportedly in doubt as businesses are unable to commit due to the impacts of Covid-19 on the sector.\r\n\r\n\r\n\r\nThe company fell into administration in March following the resignation of Tamara Ralph, co-founder and creative director, after a \u201cdispute\u201d with fellow co-founder Michael Russo.\r\n\r\nAt the time of its collapse, Ralph and Russo owed \u00a31m to its 137 staff members, \u00a323.5m to property developer Nick Candy, and \u00a32m to HMRC.\r\n\r\nIn turn, Paul Appleton, managing partner at Begbies Traynor Group, and Andrew Andronikou, managing director at Quantuma Advisory, were appointed joint administrators of the firm.\r\n\r\nAccording to Drapers, five suitors showed initial interest in taking over Ralph and Russo, but the leading bidder pulled out two days before the completion of the takeover.\r\n\r\nAndronikou told the publication: \u201cWe\u2019re in discussions with lots of people, but nothing is tangible at the moment. We\u2019re hoping to get a deal done, though. There are people talking to us \u2013 mostly entrepreneurs, individuals. I wouldn\u2019t say businesses.\r\n\r\n\u201cWe\u2019ve not had any businesses in the fashion retail sector [show interest], although there were quite a few initially that we targeted ourselves. We went to all the big retailers in the industry, but they\u2019re all going through their own problems and just aren\u2019t interested.\u201d\r\n\r\nHe added: \u201cRetail has had a hell of a time over the past year. I know it\u2019s made some recoveries online, but anything with people and retail shops has had a shocking time.\u00a0\r\n\r\n\u201cIn any other economic cycle, I\u2019m sure there would have been one or two household names associated with this, but given what Covid-19 has done to their businesses, and the uncertainty going forward, no one will be that committed to not only buying it, but also bringing in the working capital to fruition, which is fully understandable.\u201d\r\n\r\nThe luxury brand\u2019s administrator continued that if the group is to be sold, the suitor will likely come from \u201cseveral rich lists\u201d as \u201cthey\u2019ve got the money, and they\u2019ve also got the vision of what this could potentially develop into\u201d.\r\n\r\nRetail Sector has contacted Quantuma and Begbies Traynor for further comment.