US EditionClaire's to Sell Its North America Business
- Claire's Holdings LLC has signed a deal to sell much of its North American business to Ames Watson, a turnaround specialist.
- The transaction includes Claire's intellectual property and a significant number of its stores, though the exact value of the deal is undisclosed.
- Claire's paused its liquidation process at many stores as part of the transaction, which requires court approval in the U.S. and Canada.
- The company filed for creditor protection earlier in August due to competition and the shift away from brick-and-mortar retail.
29 Articles
29 Articles
Prince George Citizen
Retailer Claire's signs deal to sell much of North American business to U.S. firm
Accessories retailer Claire's Holdings LLC has signed a US$104 million deal to sell much of its North American business to turnaround specialist Ames Watson. U.S.
Bankrupt Claire’s to keep around 800 stores open after selling North American business for $104M
Jewelry retailer Claire's said Wednesday it would sell its North American business to private equity firm Ames Watson for $104 million in cash, in a deal that will keep at least 795 retail locations in business.
The accessory retailer Claire的s announced that it had signed an agreement to divest a large portion of its North American operations to Ames Watson, a specialist in corporate reorganization.
The Record
The Toronto StarRetailer Claire’s signs deal to sell much of North American business to U.S. firm
Accessories retailer Claire's Holdings LLC says it has signed a deal to sell much of its North American business to turnaround specialist Ames Watson.
Hundreds of Claire’s stores aren’t closing anymore—here’s why
Claire’s has found a buyer just two weeks after filing for Chapter 11 bankruptcy protection. It announced on Wednesday, August 20, that it plans to sell its North America business and IP to Ames Watson, a private equity firm. Courts in the U.S. and Canada must approve the sale for it to proceed. The company began bankruptcy proceedings on August 6 with $690 million in debt. According to the sale motion, Ames Wilson will pay $104 million in cash,…
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