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River Island at risk of collapse if landlords fail to back restructuring plan

Fashion retailer wants to shut 33 stores and reduce rent costs, and says it needs £10m of funding in SeptemberBusiness live – latest updatesRiver Island has said it could collapse unless its landlords back a restructuring plan involving the closure of 33 stores and a sharp reduction in rent payments.In documents outlining fresh details of the plan, which was first announced in June, the high street fashion retailer said it needed £10m in funds by the second week of September. It warned that figure could rise to £50m by the end of the year. Continue reading...

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