A high street giant is shutting 7 stores this month, with closing-down sales already underway. Claire'sUK entered administration on August 13, shortly after its US arm filed for bankruptcy on August 7. The US business has since secured a buyer for 950 stores.
Modella Capital's deal, struck with Claire'sUS parent company Ames Watson, covers 156 UK stores, though some closures and job losses are expected as negotiations with landlords continue. Joe Price, managing director at Modella Capital, said: "As a firm, we strongly believe that this much-loved brand deserves the chance to remain on the High Street in the UK and Ireland. The issues that Claire's is facing are significant, and we will need to work collaboratively with all interested parties if our proposed rescue plan is to succeed." The company will be closing seven stores in November, with only two having solid closure dates - Salford and Redditch.
In response to the closures, the chain has launched £10 mystery bundles as part of final clearance sales. A Facebook page with bargains shared that one buyer's £10 bag should have been £172.
The post said: "My local Claire's accessories is closing down, everything was 40% off, and they had massive bags of accessories for £10!
"This was one big bag for £10, should have been £172!" The exact closing date of all Claire's stores have not been released.
The Claire's stores closing in November
Salford, Lowry Galleria - November 8
Redditch, 10 Kingfisher Walk - November 30
Banbury, Banbury Gateway Shopping Park - exact date in November unknown
Banbury, The Castle Quay Shopping Centre - exact date in November unknown
Kingston upon Thames, The Bentall Centre - exact date in November unknown
Hereford, Maylord Shopping Centre - exact date in November unknown
Folkestone, 53 Sandgate Road - exact date in November unknown
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