Claire’s is Filing for Bankruptcy


Claire’s Stores Inc. is preparing to file for bankruptcy in the coming weeks. For many years, Claire’s has been a mecca for middle school girls who want inexpensive accessories and free ear piercings. Claire’s signalled it was in trouble in January, announcing it was working with investment bank Lazard to evaluate a capital structure solution to ensure its long-term success. It’s still not clear how this will affect the stores in Canada.


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