Retailer Claire’s Accessories has appointed Will Wright and Chris Poole from Interpath as joint administrators to Claire’s Accessories UK Ltd, Claire’s European Services Limited and Claire’s European Distribution Limited.
The company, which currently operates 306 stores across the UK and Ireland, employing more than 2,150 people, appointed the joint administrators after its parent company Claire’s Holdings LLC commenced voluntary Chapter 11 proceedings in the United States on 6 August.
The company’s UK stores will remain open while the administrators assess options for the business, including exploring the possibility of a sale as a going concern.
Will Wright, UK CEO 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.”
