Claire’s Department Store Filing for Bankruptcy

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Claire’s Department Store Filing for Bankruptcy

Format August 16, 2018

Claire’s, the popular pre-teen department store which claims to have the most ear piercings in the world, more than three million annually, is another victim of online retail sales and is facing bankruptcy.

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Claire’s debt is more than $1.4 billion and comes due next year and a $60 million interest payment due next week.

Claire’s boomed shortly after opening, more than 350 stores between the years 2010-2013 and a total of 4,220 locations in forty-five different countries.

Alexander Hernandez, Esq.

Twitter @mcatty_alex

Alexander Hernandez is a bankruptcy attorney practicing in Jacksonville and the surrounding areas and Miami, Florida.

For prior articles related to bankruptcy cases in the news, follow this link

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