Claire's Secures $140M Deal to Save North American Stores Amid Bankruptcy
TL;DR Summary
Claire's, a jewelry retailer facing bankruptcy with over $690 million in debt, is selling its North American business to private equity firm Ames Watson for $104 million, preserving at least 795 stores and continuing operations amid ongoing financial struggles.
- Bankrupt jewelry retailer Claire's to sell its North American business Reuters
- What Claire’s Once Gave Tween Girls The Atlantic
- Claire's sells most of its North American business after filing for bankruptcy protection CNBC
- Claire’s strikes $140M private equity takeover deal, pauses store liquidations Retail Dive
- Claire’s Gets $140 Million From IP White Knight to Save 795 Stores Across North America WWD
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