https://www.bloomberg.com/news/articles/2018-03-19/apollo-backed-claire-s-becomes-latest-retailer-to-go-bankrupt
Claire’s Stores Inc., known for tween jewelry and ear piercing, has become the latest victim of the retail apocalypse.
The company filed
for bankruptcy Monday and said it reached an agreement with creditors
including its private-equity backer, Apollo Global Management LLC, to restructure
around $1.9 billion in debt. Its plan to survive rests on its
reputation for trendy merchandise and a unique service that it says
can’t be replicated by shopping online: ear piercing.
No comments:
Post a Comment