Next buys Russell & Bromley for £3.8m — and leaves 33 stores facing an uncertain future
British retailer Next said on Wednesday it has bought Russell & Bromley through an insolvency process, paying £2.5 million for the brand and a further £1.3 million for some of its stock. The deal covers the brand’s intellectual property and three stores, while 33 stores and nine concessions — shop-in-shop spaces inside other retailers — are not included.
