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More than 140 Claire’s Accessories stores saved by new rescue deal
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The Independent
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Read our Privacy noticeFashion accessories retailer Claire’s has secured approximately 1,000 jobs after agreeing to sell 156 of its UK stores to investment group Modella Capital, administrators have confirmed.
Administrators at Interpath stated that the majority of Claire’s UK business and assets have been acquired by Modella, ensuring the brand’s continued presence on British high streets.
This agreement follows Modella, which recently purchased WH Smith’s high street chain, reaching a deal with Claire’s US parent firm, Ames Watson.
Fashion accessories chain Claire’s has agreed to sell 156 shops to investment group to Modella Capital ( Jonathan Brady/PA )The rescue deal comes after the US-owned company filed for bankruptcy in the US in August.