Investor Modella Capital has bought 156 Claire’s stores in the UK and Ireland. The fund, which is also acquiring the brand rights, hopes to save around a thousand jobs if landlords are willing to cooperate.
Job losses cannot be ruled out
Modella Capital is acquiring 156 stores in the United Kingdom and Ireland from the fashion accessory chain, which has been in administration since August. The investor says that it is possible to save more than a thousand jobs, depending on the outcome of negotiations with landlords, but at the same time warns that the closure of some locations and inevitable job losses cannot be ruled out.
