Claire's on brink of collapse with thousands of jobs at risk
Around 2,150 jobs could be at risk. The fashion giant has 278 stores in the UK and 28 in Ireland, but it has been struggling with falling sales and fierce competition.
Administrators Interpath will "assess options for the company" as all the shops continue trading for the foreseeable, 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," Claire's CEO Chris Cramer said.
'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."
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