Claire's Files

Claire’s Files for Chapter 11 to Maximize Business Value

Claire’s, known for its stylish teen accessories such as earrings and scrunchies, has recently sought Chapter 11 bankruptcy protection. That might sound scary, but it doesn’t always mean a business is shutting down. Claire’s is still open and serving customers around the world. So, what’s going on? Chapter 11 isn’t just a legal term; it’s…