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Claire's Dutch branch enters insolvency

The Dutch branch of the jewellery chain Claire's, Claire Netherlands B.V., has initiated insolvency proceedings and been granted a suspension of payments. This follows similar actions by the company's branches in the U.S., France, Belgium, and the UK in recent weeks. The Dutch website for Claire's is currently offline. Although Claire's stores...

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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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