Russell & Bromley's EBITDA loss widened to £12.1m in the 11 months to November 2025, up from a loss of £7m in the same period the previous year, ahead of the footwear specialist collapsing into administration in January.
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34 head office roles have been cut at Russell & Bromley following the Next acquisition on 21 January, Drapers understands.
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Apparel Brands Group, which owns Bench, Hype and Nicce, has reportedly joined the race to buy Russell & Bromley.
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Next is reportedly planning to acquire or invest in Russell & Bromley following recent news that the British footwear retailer had drafted in advisers.
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