Finance
Next buys British footwear brand Russell & Bromley
Published by Global Banking and Finance Review
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 21, 2026
1 min readLast updated: January 21, 2026
Next acquires Russell & Bromley for £2.5M, including three stores. Remaining stores stay open under administration.
LONDON, Jan 21 (Reuters) - Fashion retailer Next said on Wednesday it has purchased British footwear brand Russell & Bromley through an insolvency process, paying 2.5 million pounds ($3.4 million).
Next said it was also paying 1.3 million pounds for some of Russell & Bromley's stock.
The 147-year old firm sells men’s and women’s footwear, as well as bags and accessories. It trades from 36 stores and nine concessions across the UK and Ireland, employing about 440 people.
Next said it purchased the brand, intellectual property and three Russell & Bromley stores - on Oxford Street and King's Road in London and at the Bluewater Shopping Centre.
The other 33 stores and nine concessions are not included as part of the transaction.
Administrator Interpath said these stores would remain open and continue to trade while the administrators continue to assess options for them.
($1 = 0.7460 pounds)
(Reporting by James DaveyEditing by William Schomberg)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Corporate strategy is the overall plan for a diversified company, outlining how it will create value across its various business units.
Retailers are businesses that sell goods or services directly to consumers, typically in small quantities.
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