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Claire's France: two takeover bids approved by court, half of employees retained

The Paris Commercial Court approved two partial takeover bids for the Claire's brand in France on Friday. The company was placed in administration at the end of July, lawyers for the staff representatives told AFP on Monday. The lawyers detailed that around 450 out of 830 employees will be taken on by two companies. The vast majority will be...

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Business|ANALYSIS

Claire's owner planning to divest and taking company bankrupt

U.S.-based accessories chain Claire's Stores is reportedly filing for bankruptcy later this month. Same sources, who have required to remain anonymous given the private nature of the deal, also pointed out that Claire’s owner, Apollo Global Management, would pass the company’s lease to lenders including Elliott Capital Management and Monarch...

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