Loss making Claire's Accessories calls in advisers as huge debt payment looms

Loss making Claire's Accessories calls in advisers as huge debt payment looms

High street stalwart has almost 300 UK stores including two on Oxford Street

Claire’s drafts rescue plan as it faces UK store closures

Jewellery and accessories retailer Claire’s has reportedly brought in advisers to draw up a rescue plan amid fears it may be unable to repay a $480m (£355m) loan that is due in December 2026, according to The Telegraph. The company, which operates nearly 300 shops in the UK and more than 2,300 worldwide, has appointed restructuring specialists at Interpath Advisory to seek investors to salvage part or all of its British business.  It is understo…

Claire’s Accessories hires advisors as it explores sale - Retail Gazette

Claire’s Accessories has hired advisors to draw up a last-ditch rescue plan as it struggles to make a looming debt repayment. The retailer is working with restructuring specialists at Interpath to sound out potential investors willing to salvage all or parts of its British operations, The Telegraph reported. The firm’s appointment comes as the business, which has 300 stores in the UK, is facing an outstanding loan of £355m that must be repaid in…