No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Next has reportedly teamed up with stock clearance specialist Retail Realisation as it pursues a takeover of family-owned shoe retailer Russell & Bromley.
Sky News on Friday cited sources as saying that the alliance between them underlined Next's interest in Russell & Bromley's brand rather than its store estate or stock.
Next's proposal is one of a number thought to be under consideration by Interpath, which is advising Russell & Bromley on the process, Sky said.
Next is also pursuing a potential deal for LK Bennett, the fashion brand which filed a notice of intention to appoint administrators last week.
Russell & Bromley trades from 37 stores and employs more than 450 people.
At 1410 GMT, Next shares were up 0.8% at 14,385p.
Earlier this week, the high street retailer lifted full-year guidance on the back of better-than-expected festive trading.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.