Our favourite teen retailer, Claire’s Stores Inc. has filed for chapter 11 bankruptcy in the US – Canadian and European stores were spared. According to MarketWatch, it says it plans to lower its debt by about $1.9 billion. For all those 90s kids out there, you know how real the love was for this store. Where is every teenager going to get their ear’s pierced now?
The privately-held company made a statement saying it expects the chapter 11 process to be completed in September. Their stores will remain open as it restructures its debt. Now, we will have to just have to wait and see what will happen to our old flame, Claire’s. Let’s hope the Canadian stores don’t get affected!
Featured Image: Instagram/@clairesstores
Do you still shop at Claire’s? Let us know in the comment section.
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