Retail giant River Island has appointed advisers from PricewaterhouseCoopers (PwC) to draw up a plan in a bid to save the company's 230 High Street branches. The clothing retailer, which employs 5,500 people, 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. It is understood that firm decisions about the future of the business have yet to be taken and the proposals are subject to sign-off.

River Island has Stoke-on-Trent stores in The Potteries Centre, in Hanley, and on Festival Park. It also has branches in Crewe and Stafford.

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

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