Claire’s partially rescued in France

Accessories chain Claire’s is making a partial relaunch in France: jewellery chain June will take over 140 stores, while Spanish phone case retailer La Casa de las Carcasas rescues three stores.

450 jobs saved

At the end of October, it was announced that two takeover candidates had emerged for the French operations of the bankrupt accessories chain Claire’s. The Paris Commercial Court has now approved the two partial takeover bids, which will allow approximately 450 of the 830 employees to keep their jobs.

June will take over 140 stores and 420 employees. The company has obtained a ten-year license to operate Claire’s stores. The Spanish chain La Casa de las Carcasas will take over three stores and thirty employees. The remaining stores will close.

Claire’s parent company in the United States filed for bankruptcy in August and was taken over by an investment fund. Since then, several European subsidiaries have closed their doors, including those in Belgium, the Netherlands and Spain. In the United Kingdom and Ireland, however, the retailer is making a (partial) comeback.