Claire's Accessories is rescued from bankruptcy, saving 1,000 jobs

The joint administrators have confirmed the sale of the business to Modella Capital.

The joint administrators of retailer Claire’s Accessories have confirmed the sale of most of the company’s business and assets to Modella Capital, the specialist retail and consumer investment firm.

The transaction will see 156 Claire’s stores across the UK and Ireland transfer to Modella Capital, preserving approximately 1,000 jobs.