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Claire’s Accessories bankruptcy will not affect UK stores

Claire's Accessories Andover

The owners of Clare’s Accessories have said that the UK operations will not be affected by its US counterpart’s bankruptcy filing.

Apollo Global Management told City AM yesterday (Thursday) that the processes will not affect its European operations and is seeking a deal with Elliot Capital Management and Monarch Alternative Capital.

The retailer trades from over 4,000 locations in 45 countries which includes 378 stores and 123 concessions in the UK including its store in the Chantry Centre in Andover.