"As of April 27, all Claire's standalone stores in UK and Ireland have ceased trading. All store employees have been advised of redundancy."
"The closures come after private equity owner Modella Capital hired Kroll to oversee the administration earlier this year, marking the second administration for the business in a matter of months."
Claire's, a fashion accessories retailer, is closing all standalone stores in the UK and Ireland, resulting in approximately 1,300 job losses. The closures follow the company's second administration in months, prompted by weak Christmas trading and competition from online retailers. Modella Capital, the private equity owner, hired Kroll to manage the administration. Previously, Claire's had already closed 145 stores, leading to around 1,000 job losses. Discussions are ongoing regarding new leases for some store sites.
Read at Irish Independent
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