River Island suffered a loss of nearly £125m in the year before it was saved from the brink, new figures reveal.

The high street retailer's restructuring plan, approved in August, resulted in the closure of 33 stores and hundreds of job losses. The plan also involved rent reductions, some to zero, and the writing off of certain debts. River Island announced at the time that it was making redundancies across its head office, with anticipated savings of £8.1m per annum.

During a High Court hearing, River Island said it was "running out of cash", with evaluations suggesting it could only continue operations until the week beginning September 8. Newly filed accounts with Companies House have now disclosed the full extent of River Island's financial situation in 2024, as reported by City AM

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