Home Business Claire’s Accessories to appoint administrators with 15 NI stores at risk

Claire’s Accessories to appoint administrators with 15 NI stores at risk

by wellnessfitpro

The company has 15 stores across Northern Ireland

Claire's Accessories
Claire’s Accessories(Image: Trinity Mirror)

Fashion accessories chain Claire’s is set to appoint administrators for its UK and Ireland business, putting around 2,150 jobs at risk.

The US parent firm for the high street retailer said it has filed a formal notice to administrators from advisory firm Interpath.

The move will raise fears over the future of its 306 stores across the UK and Ireland.

Earlier this month Claire’s in the US filed for bankruptcy; the chain is owned by a group of firms including investment giant Elliott Management.

Administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand.

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.”

Claire’s was founded in 1961 in Illinois Chicago, its an American retailer of accessories, jewellery, and toys primarily aimed towards tween and teen girls, and young women, and was particularly popular in the 2000s

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