153-Year-Old Footwear Brand Russell & Bromley Closes Stores Amid Financial Struggles
The 153-year-old British footwear brand Russell & Bromley is closing stores and undergoing administration as it struggles to remain viable. Despite royal family members being frequently seen wearing its products, the company has entered a Company Voluntary Arrangement (CVA) to restructure its finances. The brand's decline has raised concerns about the future of high street fashion in the UK.
Topics: bankruptcy brand closure retail Royal Family influence UK fashion industry