More than 140 Claire’s Accessories stores saved by new rescue deal
Fashion retailer may close stores despite rescue deal
- Fashion accessories retailer Claire's UK has secured approximately 1,000 jobs following the sale of 156 stores.
- Investment group Modella Capital acquired the majority of Claire's UK business and assets, ensuring the brand's continued presence on British high streets.
- The future of 145 other Claire's branches remains uncertain as they were not included in the deal.
- Administrators Interpath confirmed the sale, which followed an agreement between Modella Capital and Claire's US parent firm, Ames Watson.
- The rescue deal comes after Claire's US parent company filed for bankruptcy in August, citing declining demand from younger shoppers and intense competition from online retailers.