Next is potential investor for Russell & Bromley amid funding review

Core Viewpoint - Next is exploring potential involvement with Russell & Bromley amid economic uncertainty and a funding review, with discussions taking place during the Christmas shopping season [1][3]. Group 1: Company Overview - Russell & Bromley is a 145-year-old company operating 37 stores and employing over 450 staff, led by Andrew Bromley, a fifth-generation family member [2]. - The company has introduced new footwear styles, including the Chester and Keeble loafers [2]. Group 2: Investment Considerations - Next has previously acquired several brands, indicating a potential interest in either a full acquisition or a minority investment in Russell & Bromley [3]. - Russell & Bromley is actively seeking investment opportunities to support its next stage of development [3][4]. Group 3: Financial Performance - In the third quarter ending October 25, Next reported a 10.5% year-on-year increase in full-price sales, exceeding guidance by £76 million ($100.44 million) [5]. - Following better-than-expected results, Next has raised its full-year profit forecast [4].