River Island, which has branches around Glasgow, including in Argyle Street and Buchanan Galleries, has appointed advisers from PricewaterhouseCoopers (PwC) to draw up a plan in a bid to save the company's 230 High Street locations. The clothing retailer, which employs 5,500 people and also has branches in Parkhead, Silverburn and Braehead, is taking action after reporting £32.2 million losses for 2023.

PwC will draw up a formal restructuring plan in a bid to prevent the chain closing down, reports Sky. River Island has been part of the UK landscape since 1948.

It was founded by Bernard Lewis and was originally called Lewis and Chelsea Girl. It is now run by CEO Ben Lewis, nephew of Bernard Lewis, who took over in February having previously held the post for 10 years before stepping down

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