Overview
- Reports say Next is working with Retail Realisation on a deal under which Next would acquire Russell & Bromley’s brand and intellectual property.
- Retail Realisation is expected to handle stock clearances and the wind-down of the remaining 37 UK shops, according to The Telegraph.
- Roughly 450 roles are at risk, and stores would be unable to trade under the Russell & Bromley name if the IP is sold separately.
- Interpath Advisory is overseeing the sale process after the family-run retailer posted a £9 million operating loss and launched a five-year ‘Re Boot’ plan.
- Next’s interest follows a run of brand acquisitions and a festive trading upgrade, while Retail Realisation is linked to Modella Capital’s recent high-street deals.