Claire’s Accessories on brink of bankruptcy as debt piles up

| March 12, 2018

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US-based accessories retailer Claire’s is reportedly on the verge of collapse as it prepares to file for bankruptcy. According to Bloomberg, the retailer is sitting on around $2 billion (£1.44 billion) worth of debt, more than 10 times a key measure of its annual earnings.The move to file for bankruptcy comes ahead of a $60 million (£43.25 million) interest payment which is due on March 13.A further $1.4 billion (£1.01 billion) of its debt is set to mature next year.

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Retail Service Partner (onderdeel Hamilton Bright Group) is specialist op het gebied van Service Merchandising, Project Management, Retail Support en Retail Auditing in de Benelux.

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Retail Sales See Record-Breaking Drop, and More COVID-19 News

Article | April 15, 2020

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Retail Service Partner

Retail Service Partner (onderdeel Hamilton Bright Group) is specialist op het gebied van Service Merchandising, Project Management, Retail Support en Retail Auditing in de Benelux.

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