Overview

• Claire’s filed for Chapter 11 in Delaware on August 6, marking its second bankruptcy in seven years
• The company estimated both its assets and its liabilities between $1 billion and $10 billion in its court filing
• All North American locations will remain open as Claire’s evaluates restructuring options and potential asset sales
• Claire’s deferred interest payments on a $480 million loan and faces a roughly $500 million debt repayment due in December 2026
• Rising import costs from Asian tariffs and declining mall traffic among younger shoppers have eroded the chain’s margins and sales