Court records show Claire’s had 103 leased store locations in Canada at the start of September.
New court documents show a deal to sell much of accessories retailer Claire’s global business to a Maryland-based serial investor could include up to 77 of the company’s Canadian stores.
While Claire’s had previously said Canadian stores would figure into a deal with a buyer group led by Ames Watson, the new court documents shed light on the extent of the sale.
The filings say the purchase price for the Canadian portion of the business is US$2.3-million but will be reduced by US$1.3-million to account for various service and professional costs.
Claire’s to seek bankruptcy protection in Canada following U.S. filing, contemplating liquidation
The documents also show the chain’s U.S. arm will