Claire stores Chapter 11, bankruptcy protection in Dilayer

Claire store, Once a retail teenager has submitted a request for bankruptcy for the second time in seven years because it contradicts large debts.

The retail seller applied for the protection of bankruptcy of Chapter 11 in a federal court in Delaweer on Wednesday, with a highlight of “the difficulty of facing retailers in shopping centers directed to adolescent and customer,” according to Sarah Foss, head of legal law in Debtwire.

In the deposit of the US Banking Court of Dilayer, the American company, which it owns primarily by Elliott Management and Monarch Capital, estimated each of its assets and opponents for between one billion dollars and 10 billion dollars, which confirms the financial stress that led to the latest file.

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The deposit comes shortly after Houlihan Lokey Inc. To find potential buyers for some or all Claire sites, according to people familiar with the Bloomberg matter. Claires also face a $ 500 million loan in December 2026, Bloomberg said. I also decided to postpone interest payments on her debts Help keep the capital.

In better times, the store targeted a smaller demographic with a wide range of jewelry at affordable prices, hair accessories and beauty products. Today, the retail seller, who faces Chinese sources, is facing high import costs due to President Trump’s tariff. Consumers also spend their spending in response to The current economic climate.

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One of the other basic challenges of the company, according to a phososforward, is that the target demographic “is highly volatile and is severely affected by the directions they see online, leaving some of the basic pillars of the commercial center such as Claire or forever struggling to keep pace with the changing trends and the preferences of its customer base.”

Claire submitted the first bankruptcy request in March 2018/ Elliot and Monarch took control of the retail dealer when it appeared later that year.

Fos said that bankruptcy bankruptcy can be a good option for the stalled retail series as the company allows the company to re -concentrate, reduce its debts and reduce the retail fingerprint, but “retailers who came out of Chapter 11 only to present again after a few years, often find themselves describe the doors and close them completely, with some existence via the Internet.”

However, the company still has not provided a document that determines its proposed bankruptcy course.

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The company operates under two commercial names: Claire and snow. There are more than 2750 stores in Claire in 17 countries throughout North America, Europe and 190 stores in North America. There are more than 300 Claire stores that were privileged, which are primarily in the Middle East and South Africa. Claire products are also sold in thousands of concessions in North America and Europe, according to their website.

The company applied to go to the public in 2021, after the first attempt to be included in 2013 failed.

Reuters contributed to this report.