Claire’s Holdings LLC, the operator of Claire’s and ICING stores across the United States, has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. The company also intends to start Canadian undergrowth under the Companies’ Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice. These filings aim to maximize value for the business while continuing customer service.
Source: https://www.prnewswire.com/news-releases/claires-initiates-voluntary-chapter-11-proceedings-to-maximize-business-value-302523085.html