River Island's Irish arm posts €14.5m loss after UK parent company's restructuring

The company reported a significant operating loss of €14.5m after having recorded an impairment of amounts owed by fellow subsidiaries

In August this year, the company was given the green light for a rescue restructuring that would see it close 33 stores in the UK. 

The Irish operations of the clothing retailer River Island has reported an operating loss of €14.5m for its 2024 financial year after it recorded a significant impairment due its UK parent company’s need to enter a restructuring plan, the company’s latest financial statement shows.

During the year ending on December 28, 2024, the company generated a turnover of €46.8m, down slightly from €47.2m in 2023. It reported a gross profit of €2.46m.