Claire's
Teen jewelry and accessories retailer that filed for bankruptcy in 2018 under Apollo-imposed debt. Restructured under Elliott Management
- FOUNDED
- 1961
- IMPACTS
- 1 documented
- WEB
- claires.com
Find a local alternative
Look for jewelry and accessory shops instead.
Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1961
Claire's founded
2018
Claire's filed bankruptcy under $2.5B in Apollo debt despite being operationally viable
HighClosure / BankruptcyApollo loaded ~$2.5B in LBO debt onto a teen jewelry retailer that was otherwise profitable. Interest payments crushed the business. Filed Chapter 11 in March 2018. 17,000+ workers affected. Emerged diminished.
·
Claire's Files for Bankruptcy, Crushed by Apollo's Debt
Before / After
MetricBefore PEAfter PEΔ
Debt vs revenue
reported 2018
before Profitable retailer
after $2.5B debt, bankruptcy
-100%
Community Reviews
Share your experience →Firsthand accounts from readers. Email confirmation does not verify identity, employment, or claims. Community reviews are separate from the editorial record and are not independently fact-checked.