RETAIL chain CLAIRE’s has struck a deal to sell 156 of its UK and Ireland stores to investment firm Modella Capital, just weeks after entering administration. The move offers a lifeline for the accessories brand but there is still uncertainty over 145 other stores and 1,000 staff. Administrators at Interpath confirmed the sale, with about... Events
Around half of the stores are being bought out in the deal Events
The rescue deal means many stores will stay open, keeping jobs safe and favourite accessories within reach 🛍️ Economics
More than 140 stores, however, remain at risk Events
However, the future of 145 stores not included in the deal remains uncertain. Economics
The business has been facing problems Politics
The jewellery and accessories chain appointed administrators for its UK and Ireland business last month after filing for bankruptcy in the US. Politics