Claire’s shops at risk of closure with retailer on the brink of collapse

Claire’s shops across the country are at risk of closure as the business files for administration.

The jewellery and accessories business filed a notice of intention to appoint administrators today – with Interpath expected to take on the role in the coming days.

Claire’s UK shops will stay open after the administrators have been appointed, but there are fears the business could collapse if a buyer isn’t found.

It comes after Claire’s US and Canada commenced court-supervised restructuring proceedings after filing for bankruptcy. Separate proceedings are already ongoing in Germany and Austria.

Chris Cramer, Claire’s CEO, 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 a