The tween jewellery and ear piercing retailer Claire’s has declared bankruptcy for the second time in seven years as it struggles amid a slowdown in consumer spending and the switch to online shopping. The US accessories retailer, which has more than 2,700 stores in 17 countries including the UK and France, said in papers filed…
Claire’s faces more uncertainty as parent company files for bankruptcy TheBusinessDesk.com Read the original article here
AMERICANS have until September 15 to get a $5,000 debt relief payment from a $9 million pot. The payment aims to support one of the most contentious debt types in the country, and affects one in four adults. 2 The payment aims to support one of the most contentious debt types in the country, and…
The company runs two outlets in Shropshire, in Telford and Shrewsbury, among around 280 stores in the UK. In total, Claire’s runs 2,750 stores across 17 countries, employing around 5,000 people across its operation. The US-based fashion accessories and jewellery business has filed for Chapter 11 bankruptcy in a court in Delaware, according to new…
German automotive supplier slides into insolvency again / Local court orders reorganisation under self-administration — By Plasteurope.com staff — A sharp decline in sales has pushed automotive supplier Weberit Plastics Technologies (Oberlahr, Germany; www.weberit.com) into financial distress, prompting the company to file for insolvency under self-administration. On 29 July 2025, the local court of Betzdorf…
The government will help a council repay its multi-billion pound debt ahead of local government reorganisation, it has been announced. The Ministry of Housing, Communities and Local Government said it had committed to providing “initial debt repayment support” to Woking Borough Council (WBC), but had not yet agreed on an amount. A ministry spokesperson said:…
The council declared itself effectively bankrupt in 2023 with £2bn of debt. But in May, the authority said the government had agreed to “aid the reduction” of its financial hole. The BBC has asked the government how much money they intend to give the council. Ministers, who are unhappy with the current two-tier system, want…
Claire’s Accessories, which has 280 stores in the UK, is facing an uncertain future 11:50, 06 Aug 2025Updated 12:10, 06 Aug 2025 The chain faces an uncertain future(Image: UCG, UCG/Universal Images Group via Getty Images) Claire’s Accessories is facing an uncertain future on UK high streets as its US parent company has filed for bankruptcy.…
A number of amendments to the Maltese Companies Act were enacted by means of Act XVIII of 2025 on July 11. This article analyses some amendments which have significant practical significance for the business community as well as for corporate law practitioners and service providers. Simplified liquidation procedure One of the main changes to the…
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