• Claire's Has Filed for Bankruptcy: Here's Where to Get Your Cute, Cheap Earring Fix Now

    3 monthes ago - By People

    Prepare to throw your body glitter at a wall in shock: According to Bloomberg , Claire's, the beloved mall jewelry and accessory store responsible for most of our teenage piercings, has officially filed for bankruptcy due to being an estimated $2 billion in debt. Despite Khloe Kardashian being a massive fan of Claire's hoop earrings and the resurgence of nostalgic '90s fashion styles such as slip dresses, denim mini skirts, combat boots, track pants and high-waisted mom jeans, mall stores like Claire's are having a hard time staying relevant - and in business.
    In the most recent article by...
    Read more ...

     

  • Claire's Stores Files Chapter 11 Petition in Delaware

    3 monthes ago - By WWD

    Claire's Stores Inc. on Monday filed its long-awaited Chapter 11 petition for bankruptcy court protection to restructure its balance sheet.
    Several credit ratings agencies had the company on their watch lists for the past year because of its high debt load.
    Claire's filed its voluntary petition in a Delaware bankruptcy court. The company said its restructuring efforts are “supported by holders of approximately 72 percent of the company's First Lien Debt, 8 percent of its Second Lien Notes and 83 percent of its Unsecured Notes.” The teen and tween accessories chain also said it is current...
    Read more ...

     

  • Claire's officially files for bankruptcy

    Claire's officially files for bankruptcy

    3 monthes ago - By Fashion United

    Claire's Stores Inc has announced today they have officially filed for Chapter 11 Bankruptcy to reduce debt by 1.9 billion dollars, according to Bloomberg. Like many other mall-based retailers,
    Claire's has been struggling due to declining mall traffic.
    The retail chain said that it reached an agreement with creditors including
    Elliott Management Corp and Monarch Alternative Capital LP, which will provide it with about 575 million dollars in new capital. Claire's timeline for completing the Chapter 11 process is September.
    Claire's files Chapter 11 bankruptcy
    In 2007, Claire's was acquired...
    Read more ...