Claire's news and archive

Claire's UK: Hilco, Modella, and Doug Putman vie for acquisition

According to media reports, Hilco Capital has re-entered the race to acquire the UK and Ireland business of Claire's, just weeks after initially pulling out. The move comes as Claire's, which went into administration on August 13, seeks a buyer to save its 306 stores and 2,150 jobs. Hilco Capital joins a list of prospective buyers that includes...

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Claire's to sell North American operations amid bankruptcy proceedings

Claire's Holdings LLC, the operator of Claire's and ICING stores in the U.S. and Gibraltar, has entered into an agreement with an affiliate of Ames Watson, a private holding company, for the acquisition of its North American business operations. This move follows the company's decision to begin Chapter 11 bankruptcy proceedings in the U.S., as...

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Claire's Dutch branch enters insolvency

The Dutch branch of the jewellery chain Claire's, Claire Netherlands B.V., has initiated insolvency proceedings and been granted a suspension of payments. This follows similar actions by the company's branches in the U.S., France, Belgium, and the UK in recent weeks. The Dutch website for Claire's is currently offline. Although Claire's stores...

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Claire’s UK arm falls into administration: What’s at stake?

On the heels of a bankruptcy in the US and a receivership in France, the UK arm of Claire’s has now collapsed into administration. But as the rescue efforts mount up, what is at stake for the once prevalent teen retailer? On Wednesday, it was confirmed that advisers at Interpath had been appointed to oversee the administration process of Claire’...

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From bounce-back to bankruptcy: Inside Claire’s renewed financial struggles

After weeks of speculation, Claire’s has finally filed for bankruptcy protection in the US. For the teen accessories retailer, this marks the second descent into bankruptcy in seven years, with this latest filing heightening fears over what is to come for its international network of stores. How did Claire’s come to such a predicament? Let’s...

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Claire's files for bankruptcy in the US and several other countries

Fashion jewellery group Claire's placed its US operations and several of its subsidiaries operating stores as part of the Claire's and Icing brands under Chapter 11 bankruptcy protection on July 28, 2025. In a statement, Claire's said that bankruptcy proceedings would also be initiated in Canada. The company did not provide a specific timeline....

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Retail

Retail reckoning: CaaStle, Hudson’s Bay, and Forever 21 lead grim wave of 2025 liquidations

The first half of 2025 has been marred by an increasing number of retailers and their partners descending into bankruptcy, and ultimately liquidation, as the market continues to grapple with waning consumer confidence and heightened competition. From Forever 21 to Hudson’s Bay, we explore some of the most notable bankruptcies of the year so far,...

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Jewellery chain Claire's enters administration in France

The French subsidiary of Claire’s, the low-cost jewellery and accessories retailer, has been placed into receivership. This was confirmed on Monday to AFP by the lawyer representing the staff, corroborating information from local radio station Delta FM. The brand, known for its earrings, piercings, and accessories aimed at teenagers, operated...

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Superdry investor Hilco said to be eyeing Claire’s takeover

Hilco Capital, an investor in Superdry and the former owner of Cath Kidston, is believed to be among the initial bidders eyeing a takeover of struggling accessories chain Claire’s. According to Sky News, the investment firm is specifically eyeing the retailer’s UK arm, which reportedly appointed advisors from Interpath Advisory last week to...

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Retail

From New Look to Select Fashion: Inside the retail collapse threatening the UK high street

The UK retail landscape continues to face mounting challenges. Amid rising operational costs, the long-tail impact of the pandemic and ongoing supply chain disruptions, many businesses are navigating an increasingly volatile environment. An uncertain outlook remains for a significant portion of the sector – and the country is on track to see a...

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Claire’s eyeing US bankruptcy, reportedly appoints advisors in UK

New reports have emerged speculating on the position in which accessories chain Claire’s finds itself in. In the US, it is believed that the teen-focused retailer is mulling a Chapter 11 filing, while in the UK, advisors are said to have been appointed to oversee a rescue plan. The reports come weeks after rumours surrounding a potential sale of...

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Claire’s reportedly mulling sale as US tariffs take hold

Jewellery retailer Claire’s is believed to be seeking a potential buyer for either part or all of the company as impact from US tariffs takes hold. The retailer has reportedly appointed bankers at Houlihan Lokey Inc. to oversee the process, unnamed sources for Bloomberg have stated. According to the media outlet, a sale could include Claire’s...