Claire’s and The Original Factory Shop face administration, 2,550 jobs at risk

Key Highlights

• Modella acquired the US-based Claire’s in September, just weeks after the accessories retailer had entered administration for a second time.
• That transaction followed an earlier collapse, which led to around 1,000 redundancies and the closure of 145 outlets.
• After purchasing roughly half of Claire’s UK estate from administrators, Modella continued to operate 154 stores nationwide.
• Advisory company Kroll is expected to oversee the proposed administration process for Claire’s.
• The move could impact 1,350 roles across the chain, which specialises in fashion accessories and ear piercing.