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Russell and Bromley Shuts Down All Stores, 320 Jobs Lost
Description
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.
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