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The Independent UK
The Independent UK
National
Alexander Butler

Huge UK retailer’s future is unclear

United Kingdom Claire (Organization)
  • Major accessories retailer Claire's is set to appoint administrators for its UK and Ireland operations.
  • This decision places approximately 2,150 jobs at risk across its 278 UK and 28 Ireland stores.
  • The company has faced significant challenges, including declining sales, fierce competition, and a shift in younger consumer preferences towards online fashion.
  • Administrators Interpath will manage the process, with all stores continuing to trade while options, including a potential rescue deal or sale, are explored.
  • Claire's CEO Chris Cramer stated the move is aimed at protecting the long-term value of the brand, following the US-owned company's recent bankruptcy filing in the US.

IN FULL

Claire’s on brink of collapse with thousands of jobs at risk

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