FOX Enterprise’ Gerri Willis reviews on how a tariff conflict between the U.S. and China can affect retail merchandise and corporations that transfer by means of international markets.
Claire’s Shops Inc. is weighing a possible sale because the beleaguered teen jewellery retailer contends with relentless competitors and the affect of President Donald Trump’s tariffs, in keeping with a report.
The corporate, primarily owned by personal fairness corporations Elliott Administration and Monarch Different Capital, tapped Houlihan Lokey Inc to seek out potential consumers for some or all of Claire’s places, individuals aware of the matter informed Bloomberg.
FOX Enterprise reached out to Elliott, Houlihan Lokey and Monarch for remark.
The corporate operates below two model names: Claire’s and ICING. There are greater than 2,750 Claire’s shops in 17 nations all through North America and Europe and 190 ICING shops in North America. There are greater than 300 franchised Claire’s shops, situated primarily within the Center East and South Africa. Claire’s merchandise are additionally offered in 1000’s of concessions places in North America and Europe, in keeping with its web site.
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There are greater than 2,750 Claire’s shops in 17 nations all through North America and Europe. (Daniel Acker/Bloomberg by way of Getty Pictures / Getty Pictures)
Elliott and Monarch took management of the retailer because it emerged from Chapter 11 chapter safety in 2018.
In its heyday, the shop focused a youthful demographic with a wide array of inexpensive jewellery, hair equipment and sweetness merchandise. As we speak, the retailer, which sources from China, is dealing with larger import prices as a consequence of Trump’s tariffs. Shoppers are additionally curbing their spending in response to the present financial local weather.
Elliott and Monarch took management of the retailer because it emerged from Chapter 11 chapter safety in 2018. (Justin Sullivan/Getty Pictures / Getty Pictures)
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A latest survey from consulting agency McKinsey revealed that they’ve already modified their spending habits or anticipate to alter them quickly in response to tariff bulletins. Amongst them, greater than half mentioned this consists of slicing again spending on nonessential gadgets, in keeping with the Might survey.
An indication is posted on the outside of a Claire’s retailer on June 23, 2025, in Emeryville, California. (Justin Sullivan/Getty Pictures) / Getty Pictures)
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Claire’s can also be dealing with a $500 million mortgage that is due in December 2026, Bloomberg reported. It additionally determined to defer curiosity funds on its debt to assist protect capital.