Claire’s on brink of collapse with thousands of jobs at risk
Huge UK retailer’s future is unclear
- Major accessories retailer Claire's is set to appoint administrators for its UK and Ireland operations.
- This decision places approximately 2,150 jobs at risk across its 278 UK and 28 Ireland stores.
- The company has faced significant challenges, including declining sales, fierce competition, and a shift in younger consumer preferences towards online fashion.
- Administrators Interpath will manage the process, with all stores continuing to trade while options, including a potential rescue deal or sale, are explored.
- Claire's CEO Chris Cramer stated the move is aimed at protecting the long-term value of the brand, following the US-owned company's recent bankruptcy filing in the US.