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UK fashion retailer River Island considers restructuring to avoid insolvency, threatening jobs and stores.
River Island, a major UK fashion retailer with 230 stores and 5,500 employees, is considering a radical restructuring plan to address financial difficulties, potentially threatening many stores and jobs.
The plan, being developed with PricewaterhouseCoopers, aims to avoid insolvency and is subject to approval.
The company reported a loss of £33.2 million and a 19% drop in turnover in the last fiscal year.
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El minorista de moda británico River Island considera una reestructuración para evitar la insolvencia, amenazando empleos y tiendas.