Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Claire’s, an American company specialising in fashion accessories, has announced that it will cut about 1,000 jobs across Ireland and the United Kingdom.
The cuts follow the bankruptcy of the retailer’s parent company in the United States in August 2025 and the acquisition of 156 stores by London-based private equity firm Modella Capital, which saved around 1,000 jobs. The remaining 145 stores will be closed, affecting roughly another 1,000 employees.
Claire’s collapse is attributed to high debt levels, rising operating costs, and the brand’s declining relevance among younger shoppers amid growing online competition.
Founded in 1961, Claire's operates more than 2,300 stores worldwide across about 17 countries in North America and Europe (including the United Kingdom, Ireland, France, Germany, and Austria).
Eurofound (2025), Claire's , Bankruptcy in World, factsheet number 203613, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203613.
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