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Claire's Sells North America for $104M Amid Bankruptcy

8/21/2025

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Summary

Story summary

Claire's is selling its North American business to Ames Watson for $104 million, planning to keep 795 stores open.
The retailer, with over 2,300 global locations, filed for bankruptcy, reporting $690 million in debt.
The sale needs court approval in the U.S. and Canada and includes staff retention and liability management provisions.
Claire's has struggled with competition, high rents, and import tariffs, resulting in its second bankruptcy since 2018.

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Story summary

Claire's is selling its North American business to Ames Watson for $104 million, planning to keep 795 stores open.
The retailer, with over 2,300 global locations, filed for bankruptcy, reporting $690 million in debt.
The sale needs court approval in the U.S. and Canada and includes staff retention and liability management provisions.
Claire's has struggled with competition, high rents, and import tariffs, resulting in its second bankruptcy since 2018.