Future of Claire’s UK business secured with sale to Modella Capital

The fear of losing the beloved teen haven, Claire's Accessories, in the UK is no more. Its future has been secured after the sale of most of the business and assets to Modella Capital, the retail and consumer-focused investment boutique.

The deal will see 156 Claire’s stores across the UK and Ireland transfer to Modella, safeguarding around 1,000 jobs.

Claire’s entered administration on 13 August 2025 after its US parent, Claire’s Holdings LLC, filed for Chapter 11 bankruptcy proceedings. Interpath Advisory was appointed as administrator and has since overseen the sales process.

Natasha Harbinson, managing director at Interpath, who led the deal, said: "Following an agreement between Modella Capital and Ames Watson in the US in relation to the Claire’s brand, we are pleased to confirm a sale of the majority of Claire’s UK business and assets which will ensure this popular brand will continue to trade on high streets up and down the UK."

The administrators also confirmed that Claire’s business in Switzerland has been sold, with discussions ongoing for operations in France, Italy and Poland.

However, 145 stores in the UK are not included in the transaction. These will remain open for now, with administrators continuing to explore options for their future.

Will Wright, Interpath’s UK CEO and joint administrator, added: "We’d like to express our sincere thanks to the thousands of Claire’s dedicated employees, as well as suppliers and other key stakeholders, who have supported us throughout the administration process.

"Our intention is to continue to trade the remaining portfolio of stores for as long as we can, while we explore the options available."

The UK arm of Claire's has suffered losses totalling £25 million over the past three years, including a £4.7 million deficit in the year to March  2024 on sales of £137 million. Inflation, wage increases, supply chain disruptions, and the impact of US tariffs on Chinese-made goods have all eroded margins, while online competitors have siphoned off its young fashion-savvy customer base.