Overview
- Russell & Bromley, which began a first wave of closures this week, shut its Covent Garden store on Wednesday with Bath and Harrogate following on Thursday.
- Interpath, the administrator, is keeping non‑acquired sites trading while it reviews options and has signalled more closures are likely.
- Next bought the brand, its intellectual property and three stores for £2.5 million in January and moved 40 employees across, leaving most of the 36‑store estate and nine concessions at risk.
- Closing shops are running clearance sales with discounts reported up to 90% and the retailer says gift cards and loyalty points will not be accepted.
- Suppliers say they were offered about 20% of production costs for remaining stock, highlighting the pressure on creditors as high street retailers cut back and consolidate.