River Island to close 33 stores

High Street fashion brand River Island will close 33 stores across the UK before the end of January.
In addition to the closures, the company will pay reduced rent on 71 stores as part of a restructuring plan that aims to prevent the firm from going into administration, reports The Sun.
It has requested landlords to cut its rent for three years and potentially stop payments on some units to try and curb its losses. The plan was approved in August of this year by a High Court Judge.
Retail Gazet