Modella and HMV Owner Compete for Claire’s Accessories

Claire’s UK sale heats up as Hilco re-enters bidding - Retail Gazette

Hilco Capital has renewed its interest in Claire’s UK and Ireland business, entering the race to buy the high street chain out of administration. The move comes just weeks after the Lakeland owner walked away from an earlier auction for the retailer, which collapsed on 13 August, putting around 2,150 jobs at risk. Administrators Interpath have kept the chain’s 306 stores open while exploring a sale to secure a future for the brand. Hilco joins a…

Modella and HMV owner compete for Claire’s Accessories

Modella Capital, the investor behind WH Smith’s UK acquisition the man responsible for rescuing HMV are locked in a battle to buy struggling high street chain Claire’s. Claire’s appointed administrators for its UK arm in August, just a week after it filed for bankruptcy in the US and entered administration in France. The company had been considering a sale prior to entering administration, although potential buyers reportedly walked away from th…

HMV and WH Smith owners compete over British Claire's branch - RetailDetail EU

At least two prospective buyers have made formal bids for the British subsidiary of bankrupt accessories chain Claire’s. They are the owners of music retailer HMV and of bookstore chain WH Smith.

Modella and Doug Putman vie for collapsed Claire’s UK stores

Modella Capital along with Doug Putman, the businessman who rescued HMV, are both reportedly bidding to take over Claire’s UK operations after the fashion accessories chain fell into administration, according to Sky News.  Modella Capital, which this year agreed to buy WH Smith’s 480 UK high street stores and plans to rebrand them as TG Jones, has made an offer to administrators at Interpath within the past 10 days. Putman is also said to have s…