Jewelry is displayed in a store in Claire in Novato, California, June 23, 2025.
Justin Sullivan | Getty images
Claire announced on Wednesday that it sells most of her North American company to the capital company Ames Watson, just a few weeks after the jewelry retailer said bankruptcy.
Companies have not revealed any financial details of the agreement.
Claire’s said that this decision comes when the Tween retailer examines all the options to “maximize the value of his activities”. He also declared that he would arouse the liquidation process in most of his stores in the framework of the agreement, which, according to Claire, “will considerably benefit” to the company.
Claire’s said the liquidation process will continue in some of its North American stores.
“While we are continuing our restructuring procedure, our team worked tirelessly to explore all the options to preserve the value of the business and the brand of Claire,” CEO Cramer said in a press release. “We are pleased to achieve this final agreement to sell part of our operations in North America in Ames Watson and maximize the value of our business for all our stakeholders.”
Ames Watson is a private holding company with more than $ 2 billion in income, focused on purchasing and processing companies, according to its website. His wallet includes the lids, the champion team clothes and South Moon Under.
“We are committed to investing in its future by preserving an important retail footprint through North America, working in close collaboration with the Claire team to ensure a transparent transition and create a renewed path to growth based on our in -depth experience with consumer brands,” said the co -founder of Ames Watson, Lawrence Berger, in a press release.
The retailer filed a bankruptcy file earlier this month, fell by nearly $ 500 million in debt and an increasingly competitive sales environment. The company should also bear the weight of pricing impacts on suppliers in countries like China and Vietnam.
Claire filed a request for bankruptcy protection in 2018, also due to an amazing debt burden. At the time, the company underwent strategic restructuring and increased new capital, which allowed it to eliminate nearly $ 2 billion in debt and maintain stores.
