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Claire's Stores, Inc.

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Case overview

Case Number:

1:18-bk-10584

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. September 21, 2018

    Claire's Gets Nod On Ch. 11 Plan After Clinching Creditor Deal

    A Delaware bankruptcy judge confirmed accessory retailer Claire's Chapter 11 plan on a mostly uncontested basis Friday after a three-day confirmation hearing during which stakeholders hashed out the details of a deal struck Monday that granted second-lien creditors higher recovery rates.

  2. September 17, 2018

    Claire's Strikes Deal With Oaktree Over Contested Ch. 11

    After several hours of negotiations, Claire's was able to avoid what was likely to be a highly contentious confirmation hearing for the accessory retailer's Chapter 11 restructuring plan after settling with second-lien creditors now set to recover millions more under the plan.

  3. September 14, 2018

    Oaktree Flags Claire's Modified Ch. 11 Plan

    Oaktree Capital Management LP on Friday objected to the modified Chapter 11 plan of fashion accessory retailer Claire's Inc., claiming last-minute changes significantly impact the amount of claims to be paid and contesting the debtors' call to bar certain evidence at a confirmation hearing set for Monday.

  4. September 06, 2018

    Claire's Ch. 11 Plan Faces Objections, Remains Open To Bids

    Fashion accessory retailer Claire's Inc. remained open for bids in Delaware Bankruptcy Court Thursday after reporting that it had received no offers to compete with its initial buyer proposal before the company's original Aug. 31 deadline.

  5. August 21, 2018

    Claire's Senior Creditors Sue Oaktree Over Plan Opposition

    Senior secured creditors of bankrupt accessory retailer Claire's Stores Inc. filed an adversary complaint Tuesday in Delaware saying second-lien creditor Oaktree Capital Management LP breached intercreditor agreements by trying to derail the debtor's Chapter 11 plan and seeking to challenge the secured liens of other creditors.

  6. August 17, 2018

    Claire's Retains Del. Ch. 11 Control, Beats Challenge

    Claire's Stores Inc. retained exclusive control of its Chapter 11 on Friday, overcoming a move by creditor Oaktree Capital Management to loosen the debtor's hand and improve prospects for a competing $1.5 billion Oaktree bid for the fashion accessories retailer.

  7. August 03, 2018

    Oaktree Slams Claire's Ch. 11 Moves, Challenges Control

    Private equity firm Oaktree Capital Management challenged Claire's Inc.'s exclusive control of its $2.1 billion Chapter 11 Friday, arguing that the jewelry retailer has backed out of an assurance that it will seriously entertain a wider range of bids for the company.

  8. July 13, 2018

    Unsecured Creditors Rip Claire's Ch. 11 Process, Sale Plans

    An unsecured creditor trustee for bankrupt Claire's Stores Inc. called for a month or more delay Friday in action on the company's Chapter 11 plans and schedule, citing concerns about process flaws, insider control and unanswered questions about current proposals.

  9. June 22, 2018

    Claire's Revises Ch. 11 Bid Scheme After Criticism

    Under fire for purported shortcomings, irregularities and conflicts in its initial Delaware Chapter 11 plan, jewelry and accessories retailer Claire's Inc. secured approval Friday for a reworked marketing effort that a Delaware bankruptcy judge said could encourage more bidding for the $1.3 billion annual revenue business.

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