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Russell & Bromley’s High Street Fall | London News
Description
Once a stalwart of British high street fashion, Russell & Bromley—founded in 1873—has collapsed under £59 million in debt, leaving just three stores and 400 jobs lost. Bought by Next for just £2.5 million in a pre-pack deal, the brand’s demise mirrors a broader retail crisis, as historic names like National Car Parks and Denby Pottery also fall. Rising costs, sluggish spending, and personal director liabilities are forcing businesses to walk a razor-thin financial line.
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