Tween accessories company Claire's, the go-to destination for ear piercing, has hired investment bank Lazard to help address its roughly $2.2 billion debt load, the company announced on Monday.
"We believe this is the right time to
undertake this initiative and we want to assure our vendors, employees
and stakeholders that we believe we have ample liquidity to honor our
commitments through the completion of this process," said CEO Ron
Marshall.. . . more