Poundland, River Island and New Look closing 27 stores in August – full list | UK | News
The scores of popular stores will disappear from Hight Street with another blow to towns and cities throughout the country. It is likely that well -known brands such as Poundland, River Island and New Look will close their doors to the public this August.
According to reports, New Look and Poundland announced the closing dates of their stores for August, but the fashion retailer brand River Island warned that “cash is exhausted” in weeks that may lead to the closure of 33 stores. The retailer did not set any date because he was working on a rescue agreement in the High Court.
This year, after 11 closing series on August 6 Wales, Neath, Neath, Wales to close the branch of the new view was set. The shopping brand warned that approximately 100 of the 364 stores across the country are on the verge of closing due to expired rent and ongoing high operating costs.
Similarly, Poundland announced earlier this year that it will close 26 stores in August as part of a wider reconstruction plan after a £ 1 sale to Gordon Brothers.
Fashion retailer River Island’s rescue plan is reported to be under the risk of collapse unless it is approved in high court. 33 has announced that it plans to close the stores and negotiate lower rents in 71 places, but the movement depends on getting approval from both creditors and homeowners.
According to The Telegraph, the official restructuring plan states that the River Island will effectively run out of money until the end of August, and that if the green light is not given to offers, “management or other bankruptcy transactions will be subject to”.
A River Island spokesman told Online mirror: “River Island has traveled to the creditors for a restructuring plan on June 20. With the company’s ongoing transformation strategy, the plan company is a proactive measure to place a solid basis.
He continued: “We are making positive talks with the key stakeholders and we are sure that we will get the approval of the plan in the next few weeks.”
