06 Aug 2025, 13:52
Claire's Files for Bankruptcy in the USA
- Claire's has filed for bankruptcy in Delaware.
- The company has assets and liabilities between 1 and 10 billion dollars.
- Possible store closures in Great Britain due to restructuring.
The American company Claire's Accessories, which specializes in fashion jewelry and accessories, has filed for bankruptcy under Chapter 11 in the Delaware court. This is already the second such filing by the company, the first occurred in 2018 when it was unable to service its debt.
After that, the company reduced its debt by 1.9 billion dollars (1.4 billion pounds sterling) as a result of financial restructuring, and its financial indicators improved. However, recently the company has faced problems due to weak consumer demand and supply chain disruptions.
Claire's has 2,750 stores in 17 countries worldwide, with nearly 280 located in Great Britain. Along with the new data, the company has liabilities and assets between 1 and 10 billion dollars, and also debts to more than 25,000 creditors.
The company's owners include several firms, including the investment giant Elliott Management, which was a creditor during the previous bankruptcy of the company. Last month, Sky News reported that Claire's is working with consultants from Interpath to explore possible sales or restructuring of its business in Great Britain. According to reports, an agreement for a sale could lead to store closures in the country.
Among potential buyers, who are considering the possibility of acquiring Claire's operations in Great Britain, is the owner of the company Lakeland – Hilco.
Tags: USA/Economy