2,750 store global mall retailer with over 200 stores in UK files another #Chapter11 #bankruptcy proceeding , it's second since #prepandemic 2018.

Claire’s Holdings LLC retail brand focused on #bling for teens & tweens falters again, issuing press release blaming "macroeconomic and retail-specific market pressures" and "#retail challenges".

Brand first emerged in 1960's out of suburban Chicago, and did well until a 2007 leveraged buyout by the destructive #WallSt forces at Apollo #Management and then became operated by the debt jugglers at #JPMorgan, Elliott #Management and Monarch #AlternativeCapital who had recently set aside #IPO plans and piloted the once high flying #fashion accessories biz into the ground.

Current board overlords plan to #downsize biz and sorta dig out of Big #Billion+ $ hole by firing thousands and shut hundreds of stores, while seeking a buyer for about 800 remaining #ShoppingMall locations.

https://www.mlive.com/news/2025/08/mall-staple-once-a-favorite-amongst-teens-and-tweens-files-for-bankruptcy-for-second-time.html

https://www.retaildive.com/news/claires-files-chapter-11-bankruptcy-store-closures-sale/756910/