The fashion accessories retailer Claire’s has closed all 154 of its standalone stores across the UK and Ireland.
The company’s administrators have confirmed that approximately 1,300 staff members will lose their jobs as a result of the closures.
The 356 concession units, many of which operate within Asda supermarkets, and the head office function will continue trading as normal.
The administration process was initiated earlier this year when the private equity firm Modella Capital appointed restructuring specialists Kroll to handle the proceedings.
A representative for Kroll stated that every Claire’s standalone location in the UK and Ireland stopped trading on April 27. All retail staff have been informed about their redundancy situation. The representative added that discussions are underway between an interested buyer and various landlords regarding potential new lease arrangements for certain premises.
The UK and Ireland operations first entered administration in August of last year. The American parent company announced at that time that it had filed the necessary paperwork with advisory firm Interpath. Interpath subsequently announced the appointment of Will Wright and Chris Pole as joint administrators for the business.
At the time of the initial appointment, Will Wright, who serves as UK chief executive at Interpath, noted that Claire’s had established itself as a well-known brand throughout Britain, recognised both for its fashion-forward accessories and its ear piercing services. He indicated that the administrators would work to keep all stores trading for as long as possible while reviewing the company’s options, including the possibility of finding a buyer who could preserve the brand’s future.
