Claire’s collapses into administration
Claire’s has collapsed into administration in the UK and Ireland with 2,150 jobs put at risk.
The appointment of Will Wright and Chris Pole from Interpath as joint administrators to Claire’s Accessories UK, Claire’s European Services and Claire’s European Distribution follows the announcement that Claire’s Holdings had commenced voluntary Chapter 11 proceedings in the US. The company has been struggling against declining sales and strong competition.
With its UK headquarters in Birmingham, Claire’s currently operates a total of 306 stores across the UK and Ireland.
The administrators will continue to trade the companies in administration while they assess options for the business, including exploring the possibility of a sale as a going concern. In the meantime, all UK stores will remain open.
Subscribe to TRBThey will also be contacting all employees in the UK and Ireland to provide further information about what the administration means for them.
Will Wright, UK chief executive at Interpath, said: “Claire’s has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing.
“Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company. This includes exploring the possibility of a sale which would secure a future for this well-loved brand.”
