Claire's stores in Ireland facing insolvency as rescue attempt fails

Fashion retailer has stores across Ireland 

Fashion and accessories retailer Claire’s is on the brink of administration, putting dozens of jobs in Ireland at risk. Picture: PA

Fashion and accessories retailer Claire’s is on the brink of administration, putting dozens of jobs in Ireland at risk.

Claire's is owned by Modella Capital, a private equity firm, which recently bought the high street arm of WH Smith – renamed TG Jones.  A majority of Claire’s Irish and UK business assets were bought by Modella last September after parent company, Claire’s Holdings LLC, commenced Chapter 11 proceedings in the United States.