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Prosek Partners handles Claire’s Holdings as the jewelry for teens retailer files for Chapter 11 for the second time.
The Hoffman Estates (IL)-based company bills itself as a "global fashion brand powerhouse committed to inspiring self-expression through the creation and delivery of exclusive, well-curated products and experiences."
It says Chapter 11 protection enables it to begin a “monetization process for its assets to maximize value for the business,” while continuing a review of strategic alternatives.
CEO Chris Cramer called restructuring a difficult but necessary decision.
He blamed “increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligation and macroeconomic factors” as reasons for the Chapter 11 filing.
Cramer said the company remains in active discussions with potential strategic and financial partners.
Claire’s retail stores will remain open during the bankruptcy process. The company first filed for Chapter 11 in 2018.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
