Overview

• Immediate closures encompass five Icing and 13 Claire’s outlets across 13 states under the Chapter 11 plan
• Bankruptcy documents list 1,119 additional U.S. locations at risk of liquidation if no buyer emerges
• Claire’s is soliciting bids for a going-concern sale that could preserve roughly 800 stores nationwide
• CEO Chris Cramer cites rising import tariffs, shifting consumer habits and heavy debt burdens as drivers of the restructuring
• The Canadian affiliate intends to initiate insolvency proceedings under Canada’s CCAA while North American stores remain open