Fashion accessories retailer Claire's is poised to appoint administrators for its UK and Ireland operations, placing some 2,150 jobs at risk.
The American parent company of the Birmingham-based high street chain confirmed it had submitted a formal notice to administrators from advisory firm Interpath.
The decision will spark concerns regarding the fate of its 306 outlets, comprising 278 across the UK and 28 in Ireland.
Administrators are expected to pursue a potential rescue package for the retailer, which has experienced declining sales amid recent subdued consumer spending.
Claire's UK outlets will continue trading as usual and employees will retain their roles following the appointment of administrators, the firm confirmed.
Will Wright, UK chief executive at Interpath, said: "Clair