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flag Claire's Accessories files for Chapter 11 bankruptcy, exploring sale or restructuring of its UK business.

flag 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. flag The company, operating 2,750 stores globally, including 280 in the UK, reports liabilities and assets between $1 billion and $10 billion. flag Claire's is exploring potential sale or restructuring options for its UK business, which could lead to store closures. flag Despite financial challenges, UK stores remain open and unaffected by the bankruptcy process.

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