Claire’s Accessories’s future has been secure in a new deal pulling the business out of administration, which will see 156 of its stores saved and around 1,000 jobs saved.
Joint administrators from Interpath have announced a sale of “substantially most” of the company’s business and assets to Modella Capital.
Modella Capital, which recently became the owner of WH Smith’s high street business, will take over 156 Claire’s Accessories stores in a win for Britain’s high streets.
However, nearly 150 stores included in the beauty and accessory chain’s retail portfolio will not be sold as part of the deal.
Claire’s Accessories to sell 156 stores in administration deal with 1,000 jobs saved
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PA
Natasha Harbinson, the managing director at Interpath who led the sales process, broke down what this deal means for the future of Claire’s Accessories going forward.
She explained: “Following an agreement between Modella Capital and Ames Watson in the US in relation to the Claire’s brand, we are pleased to confirm a sale of the majority of Claire’s UK business and assets which will ensure this popular brand will continue to trade on high streets up and down the UK.
“In addition, we are also pleased to have secured a sale of the Claire’s business in Switzerland. Discussions with other interested parties continue in relation to the Claire’s entities in France, Italy and Poland.”
In August 2025, Claire’s UK was pushed into administration after its parent firm, Claire’s Holdings LLC, initiated Chapter 11 proceedings in the United States.
Some 145 of the brand’s stores are not included as part of the transaction.
However, these locations will remain open and will continue to trade while the joint administrators continue to assess options for their future.
Will Wright, Interpath’s UK chief executive and joint administrator, added: “We’d like to express our sincere thanks to the thousands of Claire’s dedicated employees, as well as suppliers and other key stakeholders, who have supported us throughout the administration process.
“Our intention is to continue to trade the remaining portfolio of stores for as long as we can, while we explore the options available.”
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