Bankrot Claire sells most of her North American business

Claire announced on Wednesday, it sells most of its North American business according to private capital AMES Watson, just a few weeks after the jewelry seller Bankruptcy.

Companies did not reveal any financial details on the agreement.

Claire said that move comes until Tween Thal examines each option to “maximize the value of their business”. She also said it would pause the liquidation process in most of his stores as part of the agreement, which Claire said “significantly uses” the company.

Claire said the liquidation process would continue on some of their northern American stores.

“As we continue through restructuring procedures, our team has been tirelessly to investigate any option for preserving Claire’s business and brands,” said General Manager Chris Cramer statement. “We are glad to achieve this definitive agreement to sell part of our North America for Ames Watson and maximize the value of our company for all our stakeholders.”

Ames Watson is a private holding company with more than $ 2 billion in revenue, directed to buy and transform companies, according to its website. His portfolio includes covers, champion team and the southern month below.

“We are committed to the preservation of a significant grassprint in North America, working closely with Claire team to ensure a seamless transit and creating a renewed way to growth based on our deep experience in which he said in the statement in the statement.

Retail Filed for bankruptcy protection Earlier this month, almost $ 500 million is a long and more competitive sales environment. It is also expected that the company will be ventilating training to suppliers from countries such as China and Vietnam.

Claire’s last submitted For bankruptcy protection in 2018, also due to a stunned debt burden. At the time, the company underwent strategic restructuring and raised new capital, which allowed almost $ 2 billion in debt and stores the shops.