Russell & Bromley’s losses almost doubled in the year leading up to its collapse last month, as falling sales and rising costs weighed on the brand’s bottom line.
The premium footwear specialist incurred an EBITDA loss of £12.1m in the 11 months to November 2025, up from a £7m loss the year before, according to the administrator’s report. Sales fell to £44.3m.
Administrators at Interpath said Russell & Bromley was “relatively highly loss-making, with these losses due to a combination of falling sales, increasing operational costs, and a relatively high fixed cost base”.
Interpath added that the company had been selling several freehold properties in recent years to fund the ongoing loss-making operations.
Russell & Bromley’s brand and assets were snapped up by Next in a pre-pack deal for £2.5m at the end of January, with the retail giant paying an additional £1.3m for a portion of its current stock.
Interpath is managing the wind-down of the remaining parts of the retail business, which includes 33 stores, six concessions in Fenwick’s, and two in Irish department stores Brown Thomas and Arnotts. Around 400 jobs are expected to be lost.
No comments yet