Claire’s Accessories is preparing to appoint administrators for its UK and Ireland operations, placing approximately 2,150 jobs at risk. The company operates 306 stores, including 278 in the UK and 28 in Ireland.
The US parent firm has filed a formal notice to administrators from advisory firm Interpath. Administrators will continue running stores while exploring potential rescue or sale options to maintain the brand as a going concern.
The decision follows the US group’s Chapter 11 bankruptcy filing in Delaware last week. This is the second bankruptcy filing for Claire’s, after the company previously sought protection in 2018.
Sales in the UK and Ireland have declined due to weak consumer demand and growing competition from social media-driven retail and low-cost fast fashion brands. The company intends to continue trading while evaluating its options for long-term sustainability.
Administrators will assess potential transactions to secure the future of the chain and preserve operations in the short term.
