UK Retail Closure: Claire's in Admin

154 Claire stores closed in UK and Ireland. 1,300 employees at risk of redundancy. Claire enters administration for second time in 2023. Low Christmas trading cited as key factor. Previous owner Modella Capital blamed challenging High Street climate. French businessman Julien Jarjoura negotiating new leases for 50 stores. Online competitors like Shein and Temu pressure retail sector. Poundland and Poundstretcher also closing
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