Russell and Bromley Shuts Down All Stores, 320 Jobs Lost

About this episode

Russell and Bromley has permanently closed all its stores, resulting in 320 job losses after financial struggles led to its administration.

Russell and Bromley, a century-old British shoe chain, has permanently closed all its high street stores, leaving around three hundred twenty employees jobless. The brand collapsed into administration earlier this year, with Next acquiring its name and intellectual property for a mere two million five hundred thousand pounds. The remaining stores were shut down, resulting in mass redundancies. The companys financial struggles post-pandemic led to a shift from profits to losses, ultimately causing its downfall. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/206c4ccc5c8b8c6b

Topics covered

• business closure
• job loss
• retail industry
• financial struggles
• administration

Keywords

• Russell and Bromley
• job loss
• store closure
• administration
• Next
• financial struggles
• retail

Mentioned in this episode

Organizations: Russell and Bromley, Next

Places: British

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