Overview

• Claire’s Holdings LLC commenced voluntary Chapter 11 proceedings in Delaware on August 6 and initiated creditor-protection filings in Canada under the CCAA.
• Court documents estimate the company’s assets and liabilities each between $1 billion and $10 billion and list 25,000 to 50,000 creditors.
• All North American outlets will remain open as Claire’s secures first-day motions to continue paying employee wages, vendor invoices and rent obligations.
• A lease portfolio review identified 18 underperforming U.S. stores to begin closing-sale events immediately, with additional exits possible across its 2,750-store network.
• The retailer has launched an active strategic review to monetize assets, explore potential sales and engage partners against a backdrop of tariff-driven costs and shifting consumer habits.