Jewelry and accessories retailer Claire’s files for creditor protection in Canada, putting hundreds of jobs at risk
CANADA, AUG 6 – Claire's filed for creditor protection due to declining mall traffic and rent issues, with 26 lease terminations and 16 store lockouts worsening cash flow, CEO said.
Summary by The Toronto Star
8 Articles
8 Articles
Claire’s to seek creditor protection in Canada, contemplating liquidation: court docs – 105.9 The Region
Claire’s Stores Canada Corp. is considering liquidating its shops as it begins seeking reprieve from creditors, including landlords who have locked out the business. In an application filed with the Ontario Superior Court on Wednesday, the accessories and cosmetics retailer said it needs creditor protection to “provide the breathing space necessary to determine and pursue next steps, which at present is likely to consist of an orderly liquidatio…
Coverage Details
Total News Sources8
Leaning Left5Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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