💨 Abstract
A major UK fashion retailer with 250+ stores is considering a significant restructuring plan that could result in store closures and job cuts. The company, facing tough trading conditions and a £33.2 million pre-tax loss in 2023, has brought in advisors from PwC to develop cost-saving solutions. River Island, once a leading high street force, now faces challenges due to changing consumer preferences, increased competition, and economic uncertainty.
Courtesy: www.thesun.co.uk
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