Jewellery chain Claire's UK business set for administration, 2,150 jobs at risk
Claire's Accessories UK Ltd, the operator of Claire's 306 stores across the UK and Ireland, said it had filed a notice of intention to appoint administrators at the High Court, a process which precedes a formal insolvency process.
The move comes a week after its parent filed for bankruptcy protection in the United States.
Claire's is known for its trend-led accessories and as a destination for ear piercing.
"This decision, while difficult, is part of our broader effort to protect the long-term value of Claire's across all markets," CEO Chris Cramer said.
The UK company said insolvency practitioners Interpath were expected to be formally appointed as joint administrators in the coming days.
Claire's UK stores will remain open and continue to trade. Store employees will remain in their positions.
"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," Will Wright, Interpath's UK CEO, said.
"This includes exploring the possibility of a sale which would secure a future for this well-loved brand.'
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