Does Apollo own Claires?

Does Apollo own Claires?

Does Apollo own Claires?

Private equity firm Apollo Management bought Claire's for $3.1 billion in 2007 and took the company private. ... As of Aug, Claire's Stores, Inc. operated 2,471 stores in 17 countries throughout North America and Europe.

How much is Claire's worth?

FormerlyFashion Tress Industries (1961–1973) Claire's Accessories (1973–1997)
ProductsAccessories, jewelry, and cosmetics
Revenue−US$1.403 billion (2015)
Operating income−US$14.6 million (2015)
Net incomeUS$236.4 million (2015)

Did Claires go out of business?

By 2010, 14 years after its UK launch, Claire's had 465 stores across the country. But in a tricky retail climate, this number was reduced in the two years that followed. In March 2018, the brand filed for bankruptcy in the US.

Is Claire's profitable?

Claires Stores's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Clothing Accessories Stores industry.

How much does Claire make as CEO?

According to a Securities and Exchange Commission filing, Claire's CEO Ron Marshall received $2.7 million in total compensation for the fiscal year 2017, The Wall Street Journal reported.

When is Claire's going to be out of bankruptcy?

  • Still, Claire’s, which says it’s pierced over 100 million ears worldwide, plans to close some underperforming stores and renegotiate leases, according to The New York Times. The company expects to emerge from bankruptcy in September 2018 with $1.9 billion less in debt.

Why are so many Claire's stores closing down?

  • "This decline may be attributable to several factors, including competition from big box retailers, large tenant closures (leaving malls without an 'anchor' tenant to drive foot traffic), and the increased popularity of online shopping," the company said in a bankruptcy filing.

Why did Claire and Jay go out of town?

  • In "ClosetCon '13," Claire and Jay get out of town for ClosetCon. One could say it was a bonding opportunity for the father and daughter but it was also all about business. Those in the closet industry apparently know how to hold their liquor and things get pretty crazy but what's more important is that Claire thinks her dad is cheating on Gloria.

Why did Claire want her kids out of the House?

  • Claire will do anything to look a particular way to a nemesis of hers (and truthfully, there's a handful of them). In "Snapped," Claire wanted all of her kids out of the house and out of her hair so they wouldn't embarrass her in front of a women's business reporter.

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