economy
Claire’s to close remaining UK stores on Tuesday with more than 1,000 job losses
Sources say staff have been asked to pack up final stock and equipment after waves of closures
TL;DR
- Claire's is closing its final UK stores, resulting in over 1,000 job losses.
- The chain has operated on British high streets for three decades.
- Administrators confirmed all remaining shops ceased trading on Monday.
- Concessions, including those in Asda stores, and head office are not affected.
- Talks are ongoing to find a new owner for the Claire's brand in the UK.
- The retailer's UK arm faced challenges from online competition and social media sales.
- Claire's US and Canada operations filed for bankruptcy twice in seven years.
- Unsecured creditors, including suppliers, landlords, and staff, are collectively owed £10.6m.
- Modella Capital, which previously rescued some Claire's stores, is also restructuring TG Jones.