Russell & Bromley, the family-owned shoe retailer, has drafted in Metropolis advisers to boost exterior funding amid an more and more aggressive excessive road buying and selling atmosphere.
Sky Information understands the chain, which was based in 1880, has appointed Interpath Advisory to assist safe financing from lenders.
The dimensions of the potential fundraising was unclear on Tuesday.
Russell & Bromley trades from 37 shops and employs greater than 450 individuals.
It’s at the moment run by Andrew Bromley, the fifth technology of his household to carry the reins.
Billie Piper, the actress and singer, is the present face of the model because it tries to enchantment to youthful shoppers as a part of a five-year turnaround plan.
In a press release issued following an enquiry from Sky Information on Tuesday morning, Mr Bromley stated: “We’re at the moment exploring alternatives to assist take Russell & Bromley into the following part of our ‘Re Boot’ imaginative and prescient.
“For the reason that announcement of the ‘Re Boot’ earlier this yr we’ve made important progress, positioning us properly to construct on our momentum and proceed alongside our journey.
“We’re wanting ahead to working with our advisory group to safe the required funding to speed up our enlargement plans.”
Interpath declined to remark.
