Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com.
The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing, which was made on August 20, states. Claire’s, which specializes in tween accessories, announced its filing for bankruptcy for a second time in a seven-year span earlier this month. The company will now pause the liquidation of nearly 1,000 stores, though 13 locations, as well as Icing, another brand owned by the company, will still close.
“As we continue through our restructuring…
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Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com.
The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing, which was made on August 20, states. Claire’s, which specializes in tween accessories, announced its filing for bankruptcy for a second time in a seven-year span earlier this month. The company will now pause the liquidation of nearly 1,000 stores, though 13 locations, as well as Icing, another brand owned by the company, will still close.
“As we continue through our restructuring…
Read the original article here
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REVEALED: Latest business liquidations in Banyule Herald Sun
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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REVEALED: Latest business liquidations in Moreton Bay The Courier Mail
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