Tween Retailer Claire’s Considers Bankruptcy for US Operations

Claire’s Stores Inc., according to people with information on the subject, the old fixture of shopping centers throughout the country is struggling with weak demand, higher import costs and heavy debt burden.

Bloomberg is working to increase his financing with the retailer, at the same time discovering a potential sale of all or some of his operations, including store networks in North America and Europe. The young accessory chain attracted attention for European assets, some people said that he wanted information not to be defined because the information was hidden.

People, the company’s restructuring no final decision has not been made, he added.

Claire’s, Apollo Global Management’s Elliott Management Corp. and Monarch struggled to return his reserve after 2018 bankruptcy, which he delivered keys to the creditors, including alternative capital. In recent months, US President Donald Trump’s tariff policies, as well as higher import costs, as well as consumer expenditures weakening, he said.

Representatives of Claire’s, Elliott and Monarch did not respond to the demands looking for comments, Huoulihan spokesman refused to comment.

Claire’s, which once dominated the shopping center view, has a loan of approximately $ 477 million in December 2026. The company has recently chosen to postpone interest payments to its debt for cash savings. According to Bloomberg pricing, the debt quote about 39 cents on the dollar.

Retailer also works with Alvarez & Marsal for operational assistance.

With the help of Irene García Pérez and Eliza Ronalds-Hannon.

This article was created from an automatic news agency feeding without changing the text.