20 Facts About Claire's

1.

Claire's is an American retailer of accessories, jewelry, and toys primarily aimed toward tween and teengirls.

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2.

Claire's is primarily owned by Elliott Management and Monarch Alternative Capital, but in 2022 announced plans to go public with an initial public offering.

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3.

Claire's Accessories continued acquiring companies in the 1990s, including Bow Bangles — a British chain with 71 stores in England, Wales, and Scotland — in 1995; two American chains, The Icing and Accessory Place, in 1996; and Bijoux One, a Swiss chain, in 1998.

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4.

In 1999, Claire's purchased Cleopatre, a chain in Paris with 42 stores, for $11 million cash, as well the American chain, Afterthoughts.

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5.

Claire's was a publicly-traded company listed on the NASDAQ in 2005, but was taken private by the private equity firm Apollo Global Management in a $3.

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6.

In 2008, Claire's consolidated its European operations into one group with headquarters in Birmingham.

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7.

In 2012, Claire's expanded its international presence by opening its first stores in China, Italy, Indonesia, Luxembourg, Dominican Republic, Panama, and Honduras.

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8.

Claire's has its Illinois offices in Hoffman Estates, Illinois, a suburb of Chicago.

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9.

In 1998, Claire's announced plans to build a two-story office building and a 275,000-square-foot warehouse at the Hoffman Estates site.

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10.

The current CEO for Claire's is Ryan Vero As of 1997 the CEO has his office in Pembroke Pines.

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11.

In November 1990 Claire's moved its Florida offices from northern Dade County to Pembroke Pines.

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12.

Claire's sells accessories that are geared towards kids, tweens, teens, and young adults and are meant to imitate high-end fashion trends.

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13.

Claire's starts piercing customers at the age of two months with their 8-week immunizations and does not pierce the cartilage of people under 13 years of age.

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14.

Claire's have been subject to numerous cases of alleged "asbestos presence" in its products.

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15.

On March 5,2019, Claire's stated that the Food and Drug Administration believed some of the company's products may have been contaminated with asbestos.

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16.

Claire's stated that the FDA had "mis-characterized fibers in the products as asbestos, in direct contradiction to established EPA and USP criterion for classifying asbestos fibers".

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17.

On March 11,2019, the FDA tested more Claire's products, indicating "the possible presence of asbestos".

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18.

Claire's stated these trace amounts were acceptable by European and Canadian cosmetic regulations, and they had ended the use of talc powder in its products.

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19.

Claire's still "continues to have confidence in the safety and composition of its products" and "is not aware of any adverse reactions, injuries or illness caused by the possible presence of asbestos in the recalled products".

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20.

Siwa posted a video informing her audience Claire's would accept refunds of products new and used, stating she puts her "trust into other people's hands" with her products and was working to recall items from all shelves.

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