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Russell & Bromley physical stores at risk in potential takeover

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January 12, 2026

Recent news that Next was eyeing an acquisition of Russell & Bromley has been added to with reports that it has teamed up with a stock clearance specialist and that the premium footwear chain’s stores could disappear from the high street.

John Lewis/Russell & Bromley

The company is reportedly working with Retail Realisation on its offer for the retailer, a fact that reinforces Next’s interest in the IPR rather than the physical business.

Retail Realisation is a liquidation with links to Modella Capital, the company that controls TOFS and Claire’s UK, both of which are said to be in danger of administration filings.

Not that Next is a shoe-in as the new owner with its proposal said to be one of a number currently being considered by Russell & Bromley’s adviser Interpath.

Acquisition-hungry Next is also believed to be looking at a takeover deal for another key name in UK footwear, the distressed LK Bennett business.

Sky News cited “industry sources” saying the link-up between Next and Retail Realisation underlined its “interest in Russell & Bromley’s brand rather than its store estate or stock”.

Family-owned Russell & Bromley currently trades from 37 stores and employs more than 450 people. It’s run by fifth-generation family member Andrew Bromley and has Billie Piper as the face of the brand.

If Next bought only the IPR, it would leave the stores without the right to carry the Russell & Bromley name, reports said.

None of the parties involved have commented so far.

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Adidas challenges players to ‘Choose a Side’ as Yamal and Bellingham front latest Predator and F50 campaign

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January 12, 2026

Do you choose chaos or control? That’s the question behind the latest Adidas football boot spring/summer campaign for its latest Predator and F50 products.

Jude Bellingham for Adidas

Consumers are asked that same question, inviting players to choose either chaos (via Lamine Yamal and F50), or control (Jude Bellingham and Predator), with both Adidas styles receiving “striking” colour updates for spring/summer 2026.

“More than just a boot launch”, the campaign “captures a playful rivalry that has taken over the game”, asking footballers around the world to “choose one” – either Team Predator or Team F50.

While the new Predator Elite FT is designed for “control, enabling players to execute with precision in high-pressure moments”, the F50 Elite is for those “who break with convention, players who push themselves to the limit to create unexpected brilliance”.

Of course, the campaign features two of football’s biggest names – Yamal (“chaos personified”) and Bellingham (“the master of control”), starring in a film that “brings to life picking between electrifying pace and game-breaking skill or calmly commanding any situation on the pitch”.

Predator will be also worn on pitch by star players including Bellingham, Trent Alexander-Arnold, Pedri, Alessia Russo and Aitana Bonmati while, alongside Yamal, F50 will be put through their paces by players including Ousmane Dembélé, Florian Wirtz, Vicky Lopez and Trinity Rodman.

Sam Handy, GM Football at Adidas, said: “Through this campaign, we’re igniting a conversation that sits at the heart of football culture. These boots are about more than just innovation; they represent the two fundamentally opposing forces that define the modern game: raw speed and ultimate control.”

The F50 Elite (£235/€270) and Predator Elite Fold-Over Tongue (£245/€280) models are available to purchase from today, in-store and online.

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Superdrug owner plots London Stock Exchange IPO

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January 12, 2026

It could be a big year for Superdrug and The Perfume Shop owner AS Watson, as well as for the London Stock Exchange, with news that Watson’s owner is planning a London IPO.

Image: Superdrug

It’s been reported that bankers have already been appointed for the share listing by the Hong Kong-based group that’s owned by CK Hutchison holdings Ltd.

Onwed in its turn by billionaire Li Ka-shing, it’s said that it would actually be a dual listing, happening in Hong Kong as well as London, according to people familiar with the matter who declined to be identified in an initial report by Bloomberg.

Bloomberg News had previously flagged a potential IPO that could raise as much as $2 billion. But the sources said the timing and size of the IPO haven’t yet been decided. And the entities concerned haven’t commented so far.

Superdrug and The Perfume Shop are two of the major beauty retailers in the UK, but the wider business operates in 31 markets with 17,000+ stores. Other chains include Germany’s Rossmann and Watsons that operates across Asia.

Superdrug’s sales last year added up to £1.6 billion last year, which means it’s number two in the UK but still quite a long way behind the giant Boots business, although it’s growing strongly.

If its parent listed on the LSE, it would be a big boost for London as a financial centre. It has lost its crown as the key location for listings in recent years and seems to have lost out on what would have been an undeniably controversial listing for Shein in recent periods. 

AS Watson would be far more palatable and its arrival on the LSE would set the seal on London’s fightback, especially after last year’s surge in valuations for company’s on its elite FTSE 100 index.

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Bimba y Lola bolsters board, appoints former Condé Nast executive Natalia Gamero del Castillo

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January 12, 2026

Bimba y Lola begins 2026 by bolstering its board of directors. The Spanish fashion brand has appointed Natalia Gamero del Castillo, former managing director of the Condé Nast publishing group for Europe, Latin America, and the Middle East, to its board.

Natalia Gamero del Castillo joins Bimba y Lola’s board of directors – Diego Lafuente

The company said in a statement that it has made this appointment to “strengthen its development as a global brand.” Gamero del Castillo served as Condé Nast’s managing director for Europe, Latin America, and the Middle East from December 2020 to August 2025. Before that, over two decades, she held various roles at Condé Nast Spain, including CEO, president, and publisher.

“Natalia Gamero del Castillo joins the group’s board from Monday, bringing an extensive professional track record in the international management of leading media in areas such as fashion, art, culture and travel, as well as deep expertise in the strategic management of global brands,” said Bimba y Lola.

“Natalia’s appointment strengthens our strategic vision as a brand. Her experience leading transformation processes and international growth in creative organisations provides unique and invaluable insight for the current stage of Bimba y Lola,” said Uxía Domínguez, co-founder and president of the Spanish brand.

The appointment of the former Condé Nast executive is the second such move by the brand in recent months: last November it also announced the addition to its board of former Tous CEO Carlos Soler Duffo.

Bimba y Lola, which has just celebrated its 20th anniversary, increased its sales by 7% in the first half of the 2025 financial year, as detailed in September, although it did not disclose revenue for the period. In the 2024 financial year, the company posted revenues of €234 million, up 3% on the previous year. Beyond the financials, its most recent operations include the opening of its first store in China (in Shanghai) and the global expansion of its online store.

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