Summary
A business deal has saved 156 Claire's stores and around 1,000 jobs in the UK after the company faced financial difficulties. Modella Capital has purchased most of Claire's UK stores, but 145 stores might still close. Discussions continue about the future of Claire's stores in other countries.
Key Facts
- A rescue deal saved 156 Claire's stores in the UK.
- Approximately 1,000 jobs have been secured through this deal.
- Modella Capital is the company that bought these stores.
- Claire's went into administration in the UK and Ireland on August 13, 2025, affecting 2,150 jobs.
- 145 Claire's stores in the UK could still potentially close.
- The company's North American business was sold for $104 million to Ames Watson.
- Claire's is known for ear piercing services and accessories like hair bands and jewellery.
- Discussions are ongoing regarding Claire's stores in France, Italy, and Poland.
