Claire's Sells North American Business in $140M Deal Amid Bankruptcy
Claire's has entered into an agreement with Ames Watson to sell its North American business operations and intellectual property as part of its restructuring process, which includes Chapter 11 proceedings. The deal aims to maximize value for stakeholders, with some store liquidations paused and others continuing, pending court approval. Ames Watson plans to invest in the brand's future and maintain a significant retail presence in North America.