The jewelry dealer Claire’s is apparently looking for potential buyers: inside for a part or the entire company, since the effects of the US tariffs can be felt.
As unnamed sources report to Bloomberg, the company has reportedly commissioned bankers: inside of Houlihan Lokey Inc. with the supervision of the process. According to the media company, a sale could include the Claire’s branch networks in North America and Europe. In a sales discussion to potential buyers: Inside, which the news platform could see, Claire’s announced that they had a turnover of $ 1.3 billion ($ 1.19 billion) last year, with the 1,537 branches in North America contributing around $ 720 million (660 million euros).
However, the company is faced with a loan repayment of $ 500 million (458 million euros), which is due in December 2026. Claire’s decided to postpone the interest payments for the debts to protect liquid funds, as Bloomberg previously reported.
Claire’s has been owned by former creditors since the 2018 bankruptcy: inside. At that time, investment companies such as Elliott Management Corp. and Monarch Alternative Capital LP to save the jewelry dealer.
In addition to the concerns about the tariffs, Claire’s faces a stricter competition on the market and has therefore repeatedly adapted his strategy to meet the changing demands of generation Z and the Generation Alpha.
These efforts included the introduction of a new brand identity in 2023 and the expansion of shop-in-shop partnerships with department stores and retailers: inside in the UK and the USA.
The company is currently being held interimized by Chris Cramer, who temporarily took over the position in June 2024 and thus supplemented its current double functions as CFO and operational director.
Fashionunited asked Claire’s statement.
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