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yesterday

Claire’s Files Second Chapter 11 While Seeking Buyers and Closing 18 Stores

Investors have submitted multiple acquisition bids under court supervision, leaving the fate of more than 1,300 U.S. outlets in limbo.

Claire’s, fundada hace más de 60 años, ya se declaró en bancarrota en 2018, cuando contaba con más de 4.500 tiendas en todo el mundo.
La empresa se declaró en bancarrota el pasado 6 de agosto por segunda ocasión debido a deudas internas (Instagram/@clairesstores)
Otra gran compañía se declara en quiebra en Estados Unidos. 
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Overview

  • Claire’s on August 6 filed for Chapter 11 protection in Delaware, marking its second bankruptcy since 2018.
  • The company operates about 1,326 U.S. stores and has earmarked 18 underperforming Claire’s and Icing outlets for closure by September 7.
  • CEO Chris Cramer disclosed that multiple letters of intent have been submitted as part of a court-supervised process to sell or restructure the business.
  • Financial statements reveal roughly $496 million in debt maturing in 2026 and suspended interest and rent payments on nonperforming leases to conserve cash.
  • Sustained pressure from online fast-fashion competitors like Shein and Temu, rising tariffs and high mall rents have significantly eroded Claire’s margins.