Claire’s to close nearly 300 stores nationwide
Private equity firm Ames Watson will acquire Claire's for $104 million, preserving up to 950 stores while closing 291 amid challenges like debt and online competition.
- Claire's Holdings LLC sold its North American business to Ames Watson for $104 million, resulting in 291 store closures, as outlined in a court filing on Aug. 25.
- The closures will include 235 Claire's locations and 56 Icing stores, following Claire's Chapter 11 bankruptcy filing on Aug. 6.
- Content creators, like Cloe Belle on TikTok, have shared memories and experiences from closing locations, highlighting their favorite purchases.
- Challenges like the rise of online fast fashion and economic factors led to Claire's struggles since filing for bankruptcy in March 2018, as mentioned by creator Kenz.
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61 Articles
Claire's, Icing begin closing Valley stores amid bankruptcy
HARLINGEN, Texas (ValleyCentral) — Claire's, a boutique chain known for its trendy accessories and ear piercing station, is closing a large number of its stores after it filed for bankruptcy in early August. Nearly 300 Claire's stores, including Icing, will close their doors nationwide. The Claire's store located at Palms Crossing in McAllen has permanently closed its doors, and two other locations in the Rio Grande Valley are slated to close th…
The chain specializing in jewellery and accessories for young people was sold to the private capital firm Ames Watson for $104 million
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