Jewelry and accessories retailer Claire’s is reportedly up for sale, according to a Bloomberg report citing unnamed sources.
💼 The sale is being handled by investment bank Houlihan Lokey, as Claire’s battles growing competition and rising import costs from U.S. tariffs.
📊 A pitch to potential buyers revealed the Illinois-based chain pulled in $1.3 billion in sales last year.
However, Bloomberg previously reported that Claire’s had to delay interest payments on its debt to conserve cash—adding pressure as a nearly $500 million loan comes due in December 2026.
💥 Back in 2018, Elliott Management, Monarch Alternative Capital, and other creditors bought Claire’s just seven months after it filed for Chapter 11 bankruptcy. The company announced IPO plans in 2021, only to postpone them later due to unstable public markets.
Claire’s didn’t respond to media requests for comment.
📸 (Photo courtesy of Claire’s)