Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

350 jobs
Number of planned job losses
Job loss
Announcement Date
14 August 2020
Employment effect (start)
Foreseen end date

Description

River Island, the British fashion retailer, has announced plans to cut 350 jobs in its stores across the UK with store management and senior sales roles being affected.

The company's chief executive said these actions were 'crucial' to ensure that River Island stores remained sustainable in the long term with sales and profits falling due to the COVID-19 crisis.

Rivers Island sells clothing and accessories in over 300 stores globally, including the UK, Ireland and mainland Europe as well as in Asia and the Middle East.


Sources

Citation

Eurofound (2020), River Island, Internal restructuring in United Kingdom, factsheet number 101926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101926.