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Russell & Bromley pays out £11.2m to family owners

UK footwear and accessories retailer Russell & Bromley has given a pay out of £11.2m to its family owners after sales and profits soared in 2013.

According to documents filed on Companies House this week, the Bromley family, which first founded the footwear chain 120 year ago, upped its dividend by 60% in 2013, after the retailer reported a sales increase of 9.5% to £117.6m for the year to December 31, 2013. Pre-tax profits rose 12.5% to £21.9m during the same period.

Russell & Bromley opened its first store in 1880, in Eastbourne, East Sussex. The great-grandson of the founder, Roger Bromley, currently holds a third of the company’s shares and leads the board of directors.

The footwear retailer currently runs 42 stores, including a number of children’s outlets and a dedicated men’s store, as well as an online shop.

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