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Claire’s Starts Final-Clearance Sales at 145 Stores as Modella Deal Preserves 156

Fresh filings show Modella paid £3.6 million and unsecured creditors were owed about £11.9 million, highlighting tight recoveries from the administration.

Overview

  • Interpath says the excluded stores will keep trading for as long as possible while it seeks sale, restructuring or wind-down options.
  • Discounted closing-down sales of about 20% have begun across affected branches, with exact closure dates varying by location.
  • Local reports confirm closure signage at outlets including Salisbury, Great Yarmouth and a Watford Asda site, while other nearby stores remain open under the rescue.
  • The late-September transaction is reported to have secured roughly 1,000 jobs, but roles at the 145 excluded stores and some Birmingham head-office positions were not transferred.
  • Companies House documents indicate £1.4 million of the £3.6 million purchase price was reinvested into the business, and secondary preferential claims such as HMRC are expected to be paid in full.