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Next buys shoe brand Russell & Bromley but 400 jobs still at risk
Next acquired the Russell & Bromley brand for £3.8 million but will keep only 3 of 36 stores, placing 33 stores and hundreds of jobs across the UK and Ireland at risk.
- Next bought Russell & Bromley in a pre-pack insolvency deal, acquiring the brand and intellectual property but retaining only three stores: Chelsea, Mayfair and Bluewater Shopping Centre.
- Andrew Bromley, chief executive of Russell & Bromley, said a strategic review prompted the sale after the family‑owned retailer fell into administration; the brand was founded in Sussex in 1879.
- Next will pay 2.5 million for the brand and IP and around 440 employees are involved, with 36 stores and nine concessions at risk.
- As a result, 33 shops and nine concessions now face an uncertain future, putting hundreds of jobs at risk as administrators at Interpath assess options while trading continues.
- Next said the acquisition secures the future of Russell & Bromley and intends to build on its legacy with operational stability, having bought multiple high-street brands in recent years.
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Leaning Left5Leaning Right2Center34Last UpdatedBias Distribution83% Center
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83% Center
12%
C 83%
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