13 Messages from the PEOPLE Group Chat About the Claire's Bankruptcy
Arts And Entertainment,Bankruptcy
Millennials are in mourning today as another childhood favorite appears to be heading to the great mall to the sky. On Aug. 6, Claire's announced they are filing voluntary Chapter 11 bankruptcy proceedings in the state of Delaware, following years of mounting debt and other problems including "increased competition ... and the ongoing shift away from brick-and-mortar retail," according to CEO Chris Cramer. The news comes as a shock to a generation that grew up planning their after-school meet-ups and weekend hangs at the mall, spending their allowance on 10-pair...
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