River Island drafts rescue plan as losses mount

River Island has brought in restructuring experts from PwC as the high street fashion chain battles tough trading conditions and falling sales.
The fashion retailer, which operates around 230 stores and employs approximately 5,500 people, is working on a formal restructuring plan that could result in store closures and job cuts.
The move follows cost-cutting efforts launched January, when the business launched a redundancy programme at its London head office, affecting departments such as buying