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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…
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