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Stock impact report

Next is potential investor for Russell & Bromley amid funding review [Yahoo! Finance]

Victorias Secret & Co. (VSCO) 
Company Research Source: Yahoo! Finance
Next declined to comment when approached by Just Style, but the talks are said to be during the Christmas shopping season as retailers monitor consumer spending amid economic uncertainty. In October this year, Russell & Bromley appointed advisory firm Interpath to review options for securing new funding. The 145-year-old company, which operates a network of 37 stores, introduced footwear styles such as the Chester and Keeble loafers. According to Sky News, Andrew Bromley, representing the fifth generation of his family, currently leads Russell & Bromley. The company has more than 450 employees. A potential transaction involving Next would follow its previous acquisitions of brands including Cath Kidston, Joules, Seraphine, Made.com, and FatFace. Next has also implemented a platform that offers logistics and digital services to other retail brands. Victoria's Secret and Gap are among those using this service for UK operations. It is not known whether Next would pursue a fu Show less Read more
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