Overview

• The Paris economic court opened the redressement judiciaire on July 24 to determine whether Claire’s France can find a buyer or will face liquidation.
• Claire’s France reported net profits of €1.3 million in 2023–24 but saw revenues decline from €142 million to €132 million year-on-year.
• Management is seeking a repreneur while staff representatives, led by lawyer Khaled Meziani, warn of significant layoffs if no rescue plan emerges.
• The U.S. parent, which filed Chapter 11 in 2018, is reportedly preparing for a new bankruptcy filing amid rising import costs on Chinese-made goods.
• Other French accessory brands have undergone similar proceedings and some, such as Jennyfer, secured buyers to save hundreds of jobs under court protection.