NEW YORK — Claire’s, the jewelry chain that has pierced the ears of millions of teens, has filed for Chapter 11 bankruptcy protection in the U.S. but its Canadian and European stores are not involved.
The company said Monday its stores will remain open as it restructures its debt.
READ MORE: Health Canada to contact Claire’s after new report claims makeup contains asbestos
A Claire’s spokesperson told The Canadian Press that the fashion and jewellery retailer’s European and Canadian businesses are not involved in the U.S. Chapter 11 cases, and will continue operating without interruption.
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Claire’s is the latest retailer to seek bankruptcy protection, close stores or go out of business entirely.
WATCH: Claire’s pulls kids’ makeup off shelves after asbestos found in product
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Toys “R” Us announced last week that it would close or sell all its stores after filing for Chapter 11 bankruptcy protection last year.
Privately-held Claire’s says it expects to emerge from bankruptcy in September.
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