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July 6, 2023 : Claire’s Holdings Inc., a retailer specializing in tween and teen girls’ accessories, has withdrawn its IPO application. The company, which emerged from bankruptcy in 2018, did not provide a specific reason for the withdrawal. However, it has experienced a strong comeback since then, focusing on partnerships with retailers such as Macy’s, Walmart, and Asda. Claire’s products are now available in over 2,500 Walmart stores and 360 Claire’s shop-in-shops within Walmart locations. The company has also expanded its presence through partnerships with CVS, Amazon, Hudson’s Bay, and Tesco. With more than ten grocery partners, Claire’s products are sold in over 2,200 grocery stores. Despite the IPO withdrawal, Claire’s remains committed to driving sales through partnerships and seasonal strategies, capitalizing on its successful consumer products partnership business. The company recently appointed Claudia Lima-Guinehut as EVP and CMO to lead its global merchandising and design strategy. Claire’s remarkable recovery follows its failed IPO attempt in 2013 and subsequent bankruptcy in 2018, which resulted in debt reduction and a change in ownership.
