On Friday of last week, Sir Alastair Norris sanctioned the restructuring plan of River Island, one of the UK’s most recognised designer and retailer of women’s, men’s and children’s clothing and accessories.

The Restructuring Plan allows River Island to reorganise its leasehold portfolio and secure funding in order to continue implementing its transformation strategy.

Matthew Weaver KC, leading Matthew Abraham of South Square, was instructed on behalf of River Island by Greenberg Traurig, LLP’s London Restructuring, Insolvency and Special Situations team, including Shareholders Aaron Harlow, John Houghton and Rupert Cheetham.  The company was advised throughout the Restructuring Plan process by Zelf Hussain and Matt McErlane of PwC.

Written reasons will follow and are likely to provide helpful clarity on the Court’s assessment of fairness within Restructuring Plans of this type in light of recent Court of Appeal decisions.