Claire’s, the accessories chain where many a 16-year-old has got their ear pierced, has collapsed into administration for a second time.
Around 150 stores that employ 1,000 people are now at risk only four months after the struggling company was rescued
Administrators confirmed this evening that Claire’s ‘is continuing to trade during this period’.
Owner Modella Capital, which is also in charge of The Original Factory Shop, said Claire’s was being put into administration earlier this month.
Money from a rescue deal quickly ran dry, between government fiscal policy changes and demands from landlords, sources told Sky News.
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