According to reports, Clare is a holy land for high school girls. They want cheap accessories and free ear plugs. According to this, they will take significant steps to solve their financial problems. Bloomberg quoted an unnamed source as saying that Clare is preparing to file for bankruptcy in the coming weeks and will pass loans from their parent company, Apollo Global Management, Inc., who will also help ease the company’s $20% Billion debt.
According to Hollywood reports, their planned deal will allow Claire to continue to run thousands of stores while paying bills – at least until new plans emerge to process all the debt. Both Apollo and Claire did not comment on possible bankruptcy applications.
The company has been working hard to reduce the number of customers and competition from online retailers and has been trying to buy its products at other pharmacies or supermarkets. Of course, it is also one of the many financial struggles among retailers, from Macy’s to Payless ShoeSource to Toys R Us.
The independent company pointed out that Claire sells its products in 4,220 locations in 45 countries; it is also clearly the most popular pierced hole piercer in the world, piercing 3 million ears per year in Clair’s ears. Of course, it is essentially the number one retailer of children’s first school dance and princess Halloween Costumes Outlet. If this bankruptcy transaction leads to Claire’s closing shop, girls across the country will lose their favorites, and adult women will miss this chain as well. Even these crowns and earrings will break after two minutes of wear.