About

The UK retail sector has been grappling with subdued consumer demand, an accelerated switch to online shopping during the pandemic and rising costs squeezing profit margins. High Street and mixed channel retailers face stiff competition from online-only stores. This was the backdrop to clothing retail brand River Island sustaining losses in 2023 and 2024.

In response, management launched a transformation plan to restore the business to profitability. The project was multifaceted, with numerous workstreams to cut costs, improve margins and increase sales. Importantly, it included a company led court approved Restructuring Plan, backed by the secured lender, to restructure the balance sheet and allow the business to remain viable.

This session provides a valuable opportunity to shine a light on a modern corporate restructuring tool, amidst a continually evolving legal landscape. Attendees will gain insights from Antje Palmer, Group Head of Tax and Family Office Director, who is part of the leadership team driving the transformation. This case study highlights lessons beyond the retail sector for executive leaders and boards across industries facing a turnaround agenda now or in the future.