There have been a lot of retail CVAs, restructurings and more that have involved landlords having to swallow low or no rents for a period. And they usually get voted through, despite landlord reluctance. But for River Island , a landlord rebellion derailed the retailer’s plans. And it seems its fate will now be decided by the courts.

The company’s rescue plan involves 33 store closures, three-year radical rent cuts on another 71 and some debt being written off. But it didn’t get enough support from landlords and lenders (including local authorities that are owed business rates) to get through.

The plan will now go to the High Court after the retailer warned it’s set to run out of money soon.

The plan's approval would have meant an emergency £40 million loan from its owners-founders, t

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