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Claire's Accessories files for Chapter 11 bankruptcy, exploring sale or restructuring of its UK business.
US-based Claire's Accessories, a jewelry and accessory retailer, has filed for Chapter 11 bankruptcy for the second time, with the first in 2018.
The company, operating 2,750 stores globally, including 280 in the UK, reports liabilities and assets between $1 billion and $10 billion.
Claire's is exploring potential sale or restructuring options for its UK business, which could lead to store closures.
Despite financial challenges, UK stores remain open and unaffected by the bankruptcy process.
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Claire's Accessories se declara en bancarrota bajo el Capítulo 11, explorando la venta o la reestructuración de su negocio en el Reino Unido.