River Island losses deepen as restructuring efforts take hold

River Island Clothing Co. Limited reported a sharply increased pre-tax loss of 64 million pounds for the 52 weeks ended December 28, 2024, nearly doubling the 33.2 million pounds loss from the previous year, as the retailer grappled with a challenging market and prepared for a major restructuring. The primary driver of this deepened loss was a significant 35.7 million pounds non-cash provision for unrecoverable debt owed by group undertakings.