Tuesday, January 23, 2018

Tween retailer Claire's turns to Lazard for debt advice


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