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Ames Watson Buys Claire’s for $140 Million as Lease Deals Position Up to 950 Stores to Stay Open

The purchase follows Claire’s second bankruptcy in seven years, with 291 locations slated to close.

Overview

  • RCS Real Estate Advisors says it finalized agreements with landlords to keep more than 800 stores operating, with potential to reach as many as 950 locations.
  • An Aug. 25 court filing shows 291 closures tied to the restructuring, including 235 Claire’s stores and 56 Icing locations.
  • The $140 million price reflects an increase from a $104 million valuation cited in August during earlier sale talks.
  • Ames Watson plans a smaller but stronger footprint with elevated piercing services plus refreshed merchandise, marketing, and store concepts.
  • Specific stores that will remain open have not been identified, though RCS says the agreements preserve hundreds of locations and protect thousands of jobs.