Russell & Bromley, the family-owned shoe retailer, has drafted in Metropolis advisers to lift exterior funding amid an more and more aggressive excessive road buying and selling setting.
Sky Information understands the chain, which was based in 1880, has appointed Interpath Advisory to assist safe financing from lenders.
The scale of the potential fundraising was unclear on Tuesday.
Russell & Bromley trades from 37 shops and employs greater than 450 folks.
It’s presently run by Andrew Bromley, the fifth era of his household to carry the reins.
Billie Piper, the actress and singer, is the present face of the model because it tries to attraction 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 mentioned: “We’re presently 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 effectively to construct on our momentum and proceed alongside our journey.
“We’re trying ahead to working with our advisory group to safe the mandatory funding to speed up our enlargement plans.”
Interpath declined to remark.
