Following Acquires Russell & & Bromley Amidst Retail Chaos
High road giant Following has acquired the upmarket footwear retailer Russell & & Bromley for ₤ 2 5 million, rescuing the brand from administration. The offer, announced Tuesday, casts uncertainty on the future of most of Russell & & Bromley’s team and stores.
Secret realities:
- Acquisition Rate: ₤ 2 5 million for the brand.
- Assets Obtained: Includes the brand, 3 of 36 stores, and existing supply, with an extra ₤ 1 3 million assigned for stock.
- Future Uncertain: Administrators are examining the staying shops and nine concession places utilizing around 400 individuals.
- Retail Atmosphere: The acquisition occurs amidst prevalent struggles in the retail sector, with countless brand names encountering management and store closures.
