Russell & Bromley Collapses Amid Debt Crisis | Leicester News

Iconic UK brand Russell & Bromley, founded in 1873, has collapsed into administration with debts exceeding £59 million — a brutal blow for a once-familiar high street staple. Next snapped up the brand name and key assets for just £2.5 million, leaving only three stores standing from its original 43. Around 400 jobs vanished, hitting loyal employees hard. The company hemorrhaged £20 million in losses over two years, part of a worrying surge in UK business failures — especially in retail and hospitality — as traditional stores struggle in today’s shifting economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6bb8c328e82cb990