Russell and Bromley Shuts Down All Stores, 320 Jobs Lost

0:00British U-Chain Russell and Bromley just shut down all 33 of its remaining high-street stores for good. Administrators confirmed the majority of jobs are gone, hitting a workforce that numbered around 320 before the end. Earlier this year, the nearly 150-year-old brand collapsed into administration, leading to a pre-packed deal where next snapped up the name, intellectual property, and three key spots in Chelsea, Mayfair, and Bluewater for £2,500,000. That left the rest of the stores on the chopping block, with the first 10 closing April 21st and the final wave wrapping up by April 23rd last week. Now families and workers feel the pinch hard, as most staff from those non-transferring shops got made redundant. The company's history took a dive post-pandemic, turning profits into losses from 2020 on, amid slumping consumer spending. Administrators are stepping up with support, helping folks file for redundancy pay while they wind down the business remnants, keeping an eye on any.

1:02Fresh updates as this retail saga fades out. This has been Lester News Today, powered by AI. I'm Corey with The Story.