Overview

• River Island’s owners have enlisted PricewaterhouseCoopers to draft a formal restructuring plan expected to be finalised within weeks.
• The proposed rescue plan could lead to significant store closures and job losses, though no firm decisions have been taken.
• For the 52 weeks to December 2023, the retailer reported a £33.2m pre-tax loss and a 19% drop in turnover to £578.1m.
• The chain operates roughly 230 stores across the UK and employs around 5,500 people.
• River Island has warned that economic uncertainty, digital competition and supply chain disruptions are compounding its financial challenges.