River Island has been saved from collapsing into administration.

Its restructuring plan has been approved by a High Court judge today as the clothing brand tries to save the business after suffering heavy financial losses.

As part of the plans, 33 of its 223 branches across the UK are set to close by January 2026.

It made a £33.2million loss in 2023 after sales dropped by 19%, according to River Island’s most recent set of accounts.

Ben Lewis, River Island CEO, said: ‘We are pleased that River Island’s restructuring plan has been approved by the High Court.

‘We have a clear transformation strategy to ensure the long-term viability of the business, and this decision gives us a strong platform to deliver this. ‘Recent improvements in our fashion offer and shopping experience are startin

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