Getty ImagesFashion accessories chain Claire’s has said it will appoint administrators for its UK and Ireland business, putting around 2,150 jobs at risk.
The company, which has 278 stores in the UK and 28 in Ireland, will continue to trade while insolvency specialists at Interpath Advisory seek a buyer for the retailer.
25 of the company’s stores are in Scotland.
It comes after Claire’s US parent company filed for bankruptcy protection last week.
Administrators are set to seek a potential rescue deal for the chain, which has seen sales tumble in the face of recent weak consumer demand.
The company said its UK stores will remain open as usual, and store staff will stay in their positions once administrators are appointed.
Will Wright, UK chief executive at Interpath, said: “Claire’s has long been a popular brand across the UK, known not only for its trend-led accessories but also as the go-to destination for ear piercing.
“Over the coming weeks, we will endeavour to continue to operate all stores as a going concern for as long as we can, while we assess options for the company.
“This includes exploring the possibility of a sale which would secure a future for this well-loved brand.”
Chris Cramer, chief executive of Claire’s, said: “This decision, while difficult, is part of our broader effort to protect the long-term value of Claire’s across all markets.
“In the UK, taking this step will allow us to continue to trade the business while we explore the best possible path forward. We are deeply grateful to our employees, partners and our customers during this challenging period.”
Where are the Claire’s stores in Scotland?
- Inverness
- Elgin
- Aberdeen Trinity Centre
- Aberdeen St Nicholas Centre
- Perth
- Dundee Overgate
- Glenrothes
- Kirkcaldy
- Sterling Mills
- Edinburgh Princes Street
- Edinburgh Gyle
- Edinburgh Fort Kinnaird
- Livingston
- Livingston Outlet
- Falkirk
- East Kilbride
- Glasgow Fort
- Glasgow St Enoch
- Glasgow Buchanan Galleries
- Glasgow Sauchiehall Street
- Glasgow Silverburn
- Glasgow Braehead
- Clydebank
- Ayr
- Dumfries
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