{"id":341698,"date":"2025-08-13T17:26:10","date_gmt":"2025-08-13T17:26:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/341698\/"},"modified":"2025-08-13T17:26:10","modified_gmt":"2025-08-13T17:26:10","slug":"claires-to-appoint-administrator-in-uk-and-ireland-putting-2150-jobs-at-risk-retail-industry","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/341698\/","title":{"rendered":"Claire\u2019s to appoint administrator in UK and Ireland, putting 2,150 jobs at risk | Retail industry"},"content":{"rendered":"

Claire\u2019s is on the brink of collapse after the fashion accessories retailer said it would appoint administrators in the UK and Ireland<\/a>, putting 2,150 jobs at risk.<\/p>\n

The tween jewellery and ear-piercing retailer, which has 278 stores in the UK and 28 in Ireland, has struggled to arrest falling sales and competition from online retailers such as Amazon.<\/p>\n

Claire\u2019s has filed a notice of intention to appoint the administrator Interpath, which will assess \u201call options\u201d for the company while it continues to trade.<\/p>\n

Chris Cramer, the chief executive of Claire\u2019s, said: \u201cThis decision, while difficult, is part of our broader effort to protect the long-term value of Claire\u2019s across all markets.<\/p>\n

\u201cIn the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. We are deeply grateful to our employees, partners and our customers during this challenging period.\u201d<\/p>\n

Claire\u2019s in the US and Canada filed for bankruptcy this month<\/a>.<\/p>\n

The chain, which also operates stores under the Icing jewellery and cosmetics brand, is owned by a group of firms, including the US hedge fund Elliott Management.<\/p>\n

Will Wright, the UK chief executive of Interpath, said: \u201cClaire\u2019s has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear-piercing.<\/p>\n

\u201cOver the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company. This includes exploring the possibility of a sale which would secure a future for this well-loved brand.\u201d<\/p>\n

Interpath had been working to find a buyer for Claire\u2019s UK and European businesses, which has a combined workforce thought to be about 5,000, to avoid administration.<\/p>\n

Last week it was reported that potential bidders for the British arm of Claire\u2019s, including the Lakeland owner Hilco Capital, had backed away from making an offer for the business.<\/p>\n

There has been speculation that as many as a third of the UK shops might need to be closed if the chain is to survive.<\/p>\n

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: \u201cIt looks certain that more stores will close, given the liability the store footprint has become for the company.\u201d<\/p>\n

Founded in 1961, Claire\u2019s has been a staple in British shopping centres and high streets. Products such as ear-piercings and on-trend jewellery made it particularly popular among teenagers.<\/p>\n

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\u201cClaire\u2019s attraction has waned, with its high street stores failing to pull in the business they used to,\u201d said Streeter. \u201cWhile they may still be a beacon for younger girls, families aren\u2019t heading out on so many shopping trips, with footfall in retail centres falling. The chain is now faced with stiff competition from TikTok and Instagram shops, and by cheap accessories sold by fast fashion giants like Shein and Temu.<\/p>\n

\u201cHaving so many stores across the UK used to be great for brand recognition; now names are recognised from social media feeds not building fascia.\u201d<\/p>\n

Claire\u2019s operates more than 2,750 stores across 17 countries in North America and Europe.<\/p>\n

Its British arm has made losses of \u00a325m over the past three years. The most recent figures showed it made a loss of \u00a34.7m in the 12 months to the end of March last year, following a \u00a35m loss the previous year.<\/p>\n

The UK operation has an outstanding loan of $480m (\u00a3355m) that is due to be repaid by December next year.<\/p>\n

The US operation previously declared bankruptcy in 2018 after it was unable to repay a loan but recovered seven months later after wiping about $1.9bn from its balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"Claire\u2019s is on the brink of collapse after the fashion accessories retailer said it would appoint administrators in…\n","protected":false},"author":2,"featured_media":341699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[748,393,4884,12,1144,712,16,15,1764],"class_list":{"0":"post-341698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-news","12":"tag-northern-ireland","13":"tag-scotland","14":"tag-uk","15":"tag-united-kingdom","16":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115022632302730226","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=341698"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/341699"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=341698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=341698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=341698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}