Next is in reportedly discussions to snap up shoe retailer Russell & Bromley as its latest purchase.
The fashion giant, which saved maternity brand Seraphine from administration in July, is among the parties in talks with advisers to the footwear specialist as it courts investors, Sky News reported.
A number of other suitors are also being considered to make an investment in Russell & Bromley, with their identities remaining unclear, city sources said this weekend.
Related Story
It comes after the footwear chain recently confirmed it had hired advisory firm Interpath to explore financing options.
It remained unclear whether any deal between the retailers would involve Next acquiring Russell & Bromley’s brand outright or making an investment into the company.
In a statement in October, Russell & Bromley CEO Andrew Bromley said: “We are currently exploring opportunities to help take Russell & Bromley into the next phase of our ‘Re Boot’ vision.
“Since the announcement of the ‘Re Boot’ earlier this year we have made significant progress, positioning us well to build on our momentum and continue along our journey.
“We are looking forward to working with our advisory team to secure the necessary investment to accelerate our expansion plans.”
Retail Gazette has contacted Next and Russell & Bromley for comment.
Click here to sign up to Retail Gazette‘s free daily email newsletter
