Fashion brand Claire’s is closing hundreds of stores, including 16 locations in Pennsylvania, as its North American operations are acquired by a company based in Maryland.
The chain filed for Chapter 11 bankruptcy earlier this month. On Monday, Claire’s announced it had entered into an agreement with an affiliate of Ames Watson to buy its business operations in North America.
“As we continue through our restructuring proceedings, our team has worked tirelessly to explore every option for preserving the value of the Claire’s business and brand,” Chris Cramer, CEO of Claire’s, said in a news release…