So, if you have a few million burning a hole in your pocket, why don’t you buy a stake in it? That’s exactly what Phones4U founder John Caudwell did!
The British-born tycoon will lend both financial and business support to the label, although Tamara Ralph and Michael Russo will reportedly still have full control.
“We really weren’t looking for investment at all. We’d been approached before and it wasn’t something we were courting, but this deal felt really right for us,” Michael Russo said.
“John has great business experience and his investment will allow us to execute our expansion and growth strategy more quickly than we had planned. It’s a hugely exciting time.”
We can’t wait to see what John Caudwell’s addition to the Ralph & Russo team will bring – watch this space!