US EditionRiver Island to close 33 stores with hundreds to lose jobs - Liverpool Echo
UNITED KINGDOM, AUG 8 – The High Court approved a plan to close 33 stores and reduce rents at 71 locations due to a £33.2 million loss and a 19% sales drop in 2023, aiming to prevent administration.
- River Island secured High Court approval on August 8, 2025, for a restructuring plan that includes closing 33 UK stores and reducing rents at 71 others.
- The plan responds to financial challenges from a 19% sales drop and a £33.2 million loss in 2023, worsened by rising costs and online shopping migration.
- The restructuring aims to align the store estate with customer needs, maintain the business's long-term viability, and involves operational and cost transformations.
- CEO Ben Lewis stated that the company has a well-defined plan for transformation aimed at securing its sustainable future, and that the recent ruling provides a solid foundation to implement this plan.
- Absent a successful appeal, landlords face a cross-class cram down imposing the plan despite objections, and the restructuring is expected to preserve jobs and avoid administration.
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Full list of 33 River Island stores set to close including in North East
River Island is set to close 33 shops after the high street retailer secured court approval for a major restructuring plan, which will also see it secure reduced rents on 71 other stores
·Newcastle upon Tyne, United Kingdom
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Total News Sources98
Leaning Left8Leaning Right2Center63Last UpdatedBias Distribution86% Center
Bias Distribution
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86% Center
11%
C 86%
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