Claire’s Plans to Go Public
After emerging from bankruptcy, the mall staple has filed for an IPO.

The kid-friendly chain, best known for its ear piercing services, sells costume and fashion jewelry, accessories, toys, and more.
The retailer recently launched a subscription service, introducing its quarterly “Cdrop” boxes as it looks to appeal to millennial, Gen Z, and even younger customers.
Claire’s operates its flagship brand as well as Icing, which caters more toward young women.
According to the company’s S-1 filing with the U.S. Securities and Exchange Commission, there were 1,390 company-operated Claire’s stores in North America and 887 in Europe as of July 31, alongside 324 franchised stores, mainly in the Middle East and South Africa . Icing stores number 191.
The mall staple filed for Chapter 11 bankruptcy protection in March 2018, struggling under a mountain of debt following a private equity takeover.
Elliott Management and Monarch Alternative Capital took the reins after the company emerged from bankruptcy in October 2018 and will maintain control post-IPO, the filing states.
Post-bankruptcy, the company is still sitting on close to $1 billion in debt, including $496 million in long-term debt and more than $429 million in derivative liabilities.
However, during the first half of 2021, the company doubled its sales year-over-year to $629 million and swung to a profit on its operating costs after being in the red for the first half of 2020, as per its filing.
The retailer plans to invest more than $150 million in business improvements by the end of fiscal 2021, including expanding its store count, building a management team, bolstering its e-commerce capabilities, and improving its ear piercing services.
Claire’s may soon join a long list of retailers that have gone public in recent months, including Brilliant Earth and Warby Parker, as well as Mattress Firm and Guitar Center, which recently filed IPOs.
If the accessories chain succeeds, it will list its shares on the New York Stock Exchange under the ticker symbol "CLRS. "
The Latest

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.

Take a gaze at the sky with this pair of platinum diamond-set star earrings with blue lace agate drops.

In 2026, the jewelry retailer will celebrate a milestone only a small percentage of family-owned businesses survive to see.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Jeffrey Zimmer's decades of leadership at Reeds Jewelers are defined by integrity, a love of sourcing gemstones, and a heart for community.


The new high jewelry design and production process takes 30 days or less from concept to completion, the auction house said.

The brand has released a second installment of its collection of traditional and non-traditional commitment heirlooms.

The upcoming show provides savvy retailers with the opportunity to stock their cases with best sellers in advance of the holiday season.

Corey rescued New England chain Day’s Jewelers, preserving its legacy with strong people skills, pragmatism, and a “get-it-done” attitude.

Charles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Timepieces at Luxury will take place at The Venetian and, like Luxury, will be invitation-only for the first two days.

The auction house named a new global head of jewelry, as well as a new head of the jewelry department for the Americas.

As chairman of Schwanke-Kasten Jewelers, Tom Dixon has been tasked with honoring the past and shaping the future of the family-run store.

Katty Villapando Lyte and Mica Rencher received a $10,000 grant for their business, Shimmer Culture LLC.

The parents of the Dallas Mavericks rookie bought their engagement ring at a Day’s store in Bangor, Maine, in 1997.

The UK-based brand sourced the gemstones, which are fully traceable, from an artisanal mining community in Tanzania.

The trio of Advent calendars include a version with 18-karat gold and lab-grown diamond jewelry in a red lacquer jewelry box.

Created in collaboration with Nymphenburg Porcelain, the lock is part of a four-piece collection that took two years to bring to fruition.

The company and industry leader’s two-decade tenure with De Beers will come to a close at the end of the month.

“The Winter Egg” set the world auction record for a Fabergé piece twice at previous Christie’s sales.

The company will pay 1.5x silver’s current spot price for each pound of silver oxide batteries submitted.

The line includes a “Shadow” series crafted exclusively for the new men’s offering and reimagined styles from the brand’s core collections.

The rough on offer was recovered from a newer area at the Montepuez mine.

The retailer’s new collection of engagement rings and fashion jewelry is set with natural diamonds that are traceable via blockchain.

The champagne colorway in her newest “Ombré” collection combines white and trendy brown diamonds, a departure from her usual vibrant hues.

Kosann partnered with the Museum of Fine Arts, Boston, to create a set of necklaces inspired by the artwork on samurai sword handguards.