Russell & Bromley may disappear from the high street after 150 years

A proposed joint takeover by Next and Retail Realisation could break up Russell & Bromley, putting about 450 jobs at risk.

Russell & Bromley, the 150-year-old cobbler, is reported to be at risk of disappearing from the high street as part of a proposed deal to break the business up. The transaction is described as a joint takeover by Next and Retail Realisation, which is identified as a liquidation specialist linked to Modella Capital. Reports say about 450 jobs are at risk if the deal proceeds. Current facts: - The takeover is reported as a joint bid by Next and Retail Realisation. - Retail Realisation is described as a liquidation specialist linked to Modella Capital. - About 450 jobs are reported to be at risk and the move could affect Russell & Bromley stores on the high street. Summary: The reported deal would break up the long-established business and has been reported to put around 450 jobs at risk. Undetermined at this time.