Overview

• The proposal would remove 33 outlets from its 230-strong UK network as part of efforts to cut fixed store costs and realign with consumer demand.
• Another 71 outlets will depend on rent-reduction deals with landlords to avoid closure.
• River Island posted a £33.2 million pre-tax loss in 2023 after turnover fell by over 19% to £578.1 million.
• The reshaping places hundreds of jobs at risk among its 5,500-strong workforce.
• Creditors will vote on the plan in August, with new funding lined up if they approve.