Claire’s Strikes $140M Private Equity Takeover Deal, Pauses Store Liquidations

Last-minute deal could rescue struggling retail chain

Claire’s, the popular fashion jewelry and accessories retailer, may avoid shuttering more than 1,000 stores thanks to a last-minute deal with a private equity firm, Parade reports.

Claire’s strikes $140M private equity takeover deal, pauses store liquidations

The bankrupt tween accessories retailer had plans to shutter at least 700 stores — possibly twice that — and now most will remain open.

Claire’s Secures Interim Approval for $22.5M DIP Facility - USA Herald

Claire’s Holdings LLC (“Claire’s”), the iconic jewelry and accessories retailer, today announced that it has received interim approval for a $22.5 million debtor-in-possession (DIP) facility from a private holding company, as part of its ongoing Chapter 11 restructuring efforts. U.S. Bankruptcy Judge Brendan L. Shannon of the District of Delaware granted the interim approval during a hearing in Wilmington, noting the evidentiary record fully sup…

Claire’s Sells ‘Significant Number’ of Stores to PE Outfit

Claire’s says it is selling most of its North American business to a private equity firm. [contact-form-7] The kid-friendly accessories retailer, which declared bankruptcy earlier this month, announced Wednesday (Aug. 20) that it had struck an agreement to sell stores and its intellectual…