Claire’s, a fashion accessory retailer, has secured its future in the UK through the sale of a significant portion of its stores. Modella Capital, which previously acquired WH Smith high street stores, has confirmed the purchase of “substantially most” of Claire’s UK holdings, as indicated by the joint administrators.
This transaction is expected to preserve around 1,000 jobs and keep 156 stores operational; however, 145 additional stores are at risk of closure. Natasha Harbinson, managing director at Interpath, which facilitated the sales process, expressed satisfaction with the sale, noting it enables the continued presence of the brand on UK high streets. Furthermore, the administrators have finalized a sale of Claire’s operations in Switzerland and are in discussions regarding the future of the brand in France, Italy, and Poland.
The UK stores not included in the recent deal will continue operating as the administrators evaluate their options. Will Wright, Interpath’s UK chief executive and joint administrator, stated the intention to maintain operations for the remaining stores as long as possible while exploring available options.
Claire’s entered administration in the UK and Ireland on August 13, 2025, putting approximately 2,150 jobs at risk. At that time, Chris Cramer, the company’s chief executive, referred to the decision to appoint administrators as “difficult,” adding that it allowed stores to remain open. On August 20, Claire’s disclosed the sale of its North American business to private equity firm Ames Watson for $104 million, announcing plans to close 290 stores in the US. Claire’s has traditionally been favored for its ear-piercing services and is recognized for its diverse offerings, including hair accessories, jewelry, and various toys.
Source: https://www.bbc.com/news/articles/cder59gzx5xo?at_medium=RSS&at_campaign=rss