Go to navigation Go to content
Toll-Free: 877-BRENT-ADAMS
Phone: (919) 781-7590
Brent Adams & Associates

Pre-Teen Jewelry Store Files for Chapter 11 Bankruptcy


Blog Category:
3/28/2018
Comments (0)

USATODAY reports that Claire's jewelry store is falling in line behind Toys "R" Us and Gymboree by filing chapter 11 bankruptcy. The department store filed chapter 11 bankruptcy in hopes to avoid paying off large debts.

Ninety-nine percent of malls in America contain a Claire's, and the company employees, 17,000 people.

Claire's has secured its support for a comprehensive debt-cutting campaign, states USATODAY. Its largest lenders include hedge funds Elliott Management and Monarch Alternative Capital.

Claire's does not only sell pre-teen jewelry and pierce ears, but the retail store also has an alternative brand called Icing, which is geared toward adult women. USATODAY states Claire's has successfully pierced more than 100 million ears across the world. 

With 7,500 locations in 45 countries (5,300 being U.S. stores), Claire's claims to be "confident" it will overcome its bankruptcy filing and shed $1.9 million of debt. 

According to Business Insider, Claire's has made plans to close 92 stores, but it intends to be a healthy, well-budgeted company by September.



Category: Bankruptcy Attorneys


There are no comments.

Post a comment

Post a Comment to "Popular Pre-Teen Jewelry Store Files for Bankruptcy"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Message:*

Notify me of follow-up comments via email.