The future of 306 stores has been put into doubt, 278 in the UK and 28 in Ireland
Fashion accessories chain Claire’s has called in administrators putting more than 2,000 jobs and 300 stores at risk – find out if a branch near you is threatened.
The high street retailer’s US parent firm said it has filed a formal notice to administrators from advisory firm Interpath.
In a statement on Wednesday evening, Interpath confirmed Will Wright and Chris Pole have been appointed joint administrators.
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That puts the future of 306 stores into doubt, 278 in the UK and 28 in Ireland.
Administrators will now attempt to find a rescue deal for the chain, which has seen falling sales due to recent weak consumer demand.
The company said all Claire’s UK stores remain open as normal, and staff will remain in their current roles once administrators are appointed.
Interpath said the joint administrators will contact all of Claire’s employees in the UK and Ireland to “provide further information about what the administration means for them”.
Will Wright, UK chief executive at Interpath, said: “Claire’s has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing.
“Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company.
“This includes exploring the possibility of a sale which would secure a future for this well-loved brand.”
You can use our interactive map to check if a branch of Claire’s near you is at risk.
It comes after the US-based Claire’s group filed for Chapter 11 bankruptcy in a court in Delaware last week.
It is the second time the group has declared bankruptcy, after first filing for the process in 2018.
Claire’s, formerly known as Claire’s Boutiques and Claire’s Accessories, was founded in America in 1961.
It is known for its accessories, jewelry and toys, primarily aimed at young girls, teenagers, and young women.
Claire’s claims to have done more ear piercings than any other retailer, boasting in 2009 that it had pierced over 80 million ears worldwide.
Chris Cramer, chief executive of Claire’s, said: “This decision, while difficult, is part of our broader effort to protect the long-term value of Claire’s across all markets.
“In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. We are deeply grateful to our employees, partners and our customers during this challenging period.”
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “Claire’s attraction has waned, with its high street stores failing to pull in the business they used to.
“While they may still be a beacon for younger girls, families aren’t heading out on so many shopping trips, with footfall in retail centres falling.
“The chain is now faced with stiff competition from TikTok and Insta shops, and by cheap accessories sold by fast fashion giants like Shein and Temu.”
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