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Russell & Bromley, a 147-year-old UK jeweler, collapsed after being acquired by Next, closing stores and cutting jobs.
Russell & Bromley, a 147-year-old British jewelry retailer, has entered administration, leading to the closure of its stores and the loss of jobs, including 34 head office roles following its recent acquisition by Next.
The collapse highlights ongoing struggles in the UK retail sector, driven by shifting consumer habits, rising costs, and competition from online retailers.
Despite restructuring efforts, the company failed to adapt, joining a growing list of high-profile retail failures.
The exact financial details and total staff impacted remain unclear, but the event underscores the challenges legacy brands face in modernizing their business models.
Russell & Bromley, un joyero británico de 147 años de edad, colapsó después de ser adquirido por Next, cerrando tiendas y recortando empleos.