MoneyThe luxury shoe chain was bought out of administration by Next, who paid £2.5million for its brand and intellectual property, and a further £1.3million for a portion of its current stock09:08, 23 May 2026Russell & Bromley has returned to the UK high street after being rescued from administration earlier this year.‌The luxury shoe chain was bought out of administration by Next, who paid £2.5million for its brand and intellectual property, and a further £1.3million for a portion of its current stock.‌The deal only included three Russell & Bromley stores - in Chelsea, Mayfair and Bluewater in Kent - resulting in its remaining 33 branches being closed down.‌However, Drapers reports that the Russell & Bromley store in Richmond has reopened under new ownership from Next.Russell & Bromley was founded in 1880 by George Bromley and Elizabeth Russell in Eastbourne. It currently employs more than 450 people and is now run by Andrew Bromley.‌In a statement after announcing the deal, Next previously said: “This acquisition secures the future of a much-loved British footwear brand.“Next intends to build on this legacy and provide the operational stability and expertise to support Russell & Bromley’s next chapter, allowing it to return to its core mission: the design and curation of world-class, premium footwear and accessories for many years to come.”Andrew Bromley, chief executive of Russell & Bromley, previously 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.”Next has also bought brands such as Cath Kidston, Joules and Seraphine and Made.com in recent years.In more retail news, Primark this week denied that it is preparing to launch online delivery for the first time despite reports suggesting that it could expand its digital operations.‌The high street fashion chain recently tried to purchase the ASOS online fulfilment warehouse in Lichfield, Staffordshire, but it was pipped by M&S which purchased it for £67.5million.Sources told The Times that the 437,000 sq ft warehouse was designed “specifically for e-commerce fulfilment” and would be “impossible to use for stores”.Sources added that Primark “knows it needs to go online”. However, a Primark spokesperson told the Mirror: "Our position on home delivery remains unchanged.Article continues below"As part of regular reviews of our distribution network to support future growth, we explored this site as a potential option for our Click & Collect service in Great Britain.”Choose Daily Mirror as a 'Preferred Source' on Google News for quick access to the news you value.‌BluewaterMayfair Ltd.Middle East