4 Articles
4 Articles
River Island calls in PwC for rescue plan - InternetRetailing
London-founded fashion brand River Island has drafted in advisers from PricewaterhouseCoopers (PwC) to create a formal restructuring plan. River Island has nearly 230 stores across the UK, and employs approximately 5,500 people; it is not yet known how many stores will close under the proposed changes. The fashion brand, founded in 1948 by Bernard Lewis and his brothers, has avoided the move to pureplay that followed the demise of one-time riva…
River Island brings in restructuring advisors to draft rescue plan
As the high street fashion chain struggles with challenging market conditions and declining sales, River Island has enlisted the help of PwC restructuring experts. The fashion retailer, which employs 5,500 people and runs about 230 locations, is preparing a formal restructuring plan that may lead to job losses and store closures. The action comes after […] The post River Island brings in restructuring advisors to draft rescue plan appeared first…
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