British multinational retailer Next has acquired British footwear brand Russell & Bromley. 

Founded in 1879 in Sussex, Russell & Bromley is a British brand, specialising in 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 circa 440 people.

The transaction sees Next acquire the Russell & Bromley brand and other intellectual property, as well as the transfer of three Russell & Bromley stores - Chelsea, Mayfair and the Bluewater Shopping Centre.

A total of 33 stores and all nine concessions are not included as part of the transaction. These stores will remain open and continue to trade while the joint administrators continue to assess options for them.

Andrew Bromley, CEO of Russell & Bromley, said: “Following a strategic review with external advisers, we have taken the difficult decision to sell the Russell & Bromley brand. This is the best route to secure the future for the brand, and we would like to thank our staff, suppliers, partners and customers for their support throughout our history.”

For more information, visit interpath.com.