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Claire's closes all 154 stores in UK and Ireland with loss of 1,300 jobs
Key takeaways
- Faarea Masud Business reporter Getty Images All Claire's standalone stores in the UK and Ireland have stopped trading after the accessories chain's financial woes saw it fall into administration twice in a year.
- Administrators Kroll said 154 stores have shut and more than 1,300 staff have been "notified of redundancy", though its 350 concessions will remain open.
- Known for its colourful shop fronts and racks of jewellery, bracelets and its ear piercing services, the brand's bright purple branding was a familiar sight for millions of teens during a Saturday shop.
Why this matters: a developing story that could shape the day's news cycle.
Faarea Masud Business reporter Getty Images All Claire's standalone stores in the UK and Ireland have stopped trading after the accessories chain's financial woes saw it fall into administration twice in a year.
Administrators Kroll said 154 stores have shut and more than 1,300 staff have been "notified of redundancy", though its 350 concessions will remain open.
Known for its colourful shop fronts and racks of jewellery, bracelets and its ear piercing services, the brand's bright purple branding was a familiar sight for millions of teens during a Saturday shop.
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