British shoe chain ‘owes £37.5million’ after plunging into administration and shutting all its stores

A FAMOUS British shoe chain plunged into administration owing £37.5 million according to reports. The retailer was forced to close all it stores following financial difficulties, although three flagship locations remain open under new ownership. Russell & Bromley's unsecured creditors are reportedly owed £37.5million according to a progress report prepared by administrators, Interpath, reported Drapers....