
Claire's is owned by Ames Watson Capital, a private equity firm based in Columbia, Maryland. Ames Watson acquired Claire's out of Chapter 11 bankruptcy in August 2025 for approximately $140 million. Claire's operates over 900 stores across North America and, in May 2026, signed a licensing agreement with Centric Brands to expand into more than 7,000 additional retail locations including CVS, Kohl's, and Walmart. The brand filed for bankruptcy twice, first in March 2018 and again in August 2025.
Parent Company
Acquired
2025
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Claire's | Ames Watson Capital | Wholly owned |
Claire's was founded in 1961 in Chicago, Illinois, by Sylvia and Rowland Schaefer. The first store, originally called Claire's Boutiques, was a small accessory shop. Rowland Schaefer, a former wig salesman, recognized an underserved market for affordable fashion jewelry and accessories for teenage girls. The concept was simple: sell low-cost, trendy jewelry and accessories in a mall-based retail format.
The company expanded rapidly during the 1970s and 1980s, opening stores in shopping malls across the United States. By 1980, Claire's operated over 100 stores. The brand went public in 1987, trading on the New York Stock Exchange. During the 1990s, Claire's expanded internationally, opening stores in the United Kingdom, Europe, and Japan. The company also acquired the Icing brand, a similar accessories chain targeting slightly older customers.
In 2007, Apollo Global Management acquired Claire's for approximately $3.1 billion in a leveraged buyout. The deal was completed at the peak of the private equity boom. Apollo loaded Claire's with significant debt, which became a burden as mall traffic declined and e-commerce grew. The company was taken private and delisted from the New York Stock Exchange.
The years following the Apollo acquisition were difficult. Mall foot traffic declined steadily from 2010 onward as online shopping grew. Claire's closed 189 stores between 2017 and 2018. In March 2018, Claire's filed for Chapter 11 bankruptcy protection, citing approximately $2 billion in debt. The bankruptcy was a pre-packaged restructuring that reduced debt by approximately $1.4 billion and allowed the company to continue operating. Claire's emerged from bankruptcy in September 2018 with reduced debt but still faced the challenges of declining mall traffic.
Between 2018 and 2025, Claire's attempted to adapt to changing retail conditions. The company expanded its wholesale partnerships, launching Claire's products in Walmart stores in 2018 and Kohl's stores in 2023. The brand also invested in e-commerce and digital marketing. However, the company continued to struggle with debt and declining mall traffic. Claire's shuttered all its standalone locations in the United Kingdom.
In August 2025, Claire's filed for Chapter 11 bankruptcy protection for the second time. Bankruptcy records listed 234 Claire's stores and 56 Icing stores slated for closure. Later that month, Ames Watson Capital acquired Claire's for approximately $140 million, a fraction of the $3.1 billion Apollo paid in 2007.
Under Ames Watson, Claire's has pursued a multi-channel expansion strategy. In May 2026, Ames Watson and Centric Brands announced an exclusive licensing agreement to expand Claire's into more than 7,000 additional retail locations across North America. The partnership places Claire's products in CVS, Kohl's, and Walmart, among other retailers. Centric Brands will develop exclusive collections of Claire's cosmetics, jewelry, hair accessories, stationery, and bags, and will explore new categories including apparel and home goods. Claire's also debuted a "A Girl SMR at Claire's" summer marketing campaign in April 2026, featuring Summer Sensory Shops with ASMR stations in stores.
What does Ames Watson Capital own?
Ames Watson Capital owns Claire's Accessories, a jewelry and accessories retailer with approximately 2,300 stores globally. Claire's is operated through Ames Watson's portfolio company CB Acquisitions. The firm's portfolio is concentrated in this single major investment.
Is Ames Watson Capital publicly traded?
No. Ames Watson Capital is a privately held private equity firm. The company is not listed on any stock exchange. Its capital is provided by the firm's founders and limited partners, including institutional investors and high-net-worth individuals.
Who founded Ames Watson Capital?
Ames Watson Capital was founded in 2018 by Joel Schlesinger and Andrew Shapiro. The firm was established to focus on investments in retail and consumer brands with opportunities for operational improvement.
Where is Ames Watson Capital headquartered?
Ames Watson Capital is headquartered in New York, New York, USA. The firm operates from New York and manages its portfolio companies remotely, with Claire's maintaining its own operational headquarters.
How many brands does Ames Watson Capital own?
Ames Watson Capital owns one major brand: Claire's Accessories. The firm's portfolio is concentrated in this single investment. Claire's also includes the Icing brand, which targets older demographics but has a limited remaining presence.
Who owns Ames Watson Capital?
Ames Watson Capital is owned by its founders, Joel Schlesinger and Andrew Shapiro, along with limited partners who provide capital for investments. The firm does not publicly disclose its ownership structure or limited partner identities.
What is Ames Watson Capital's revenue?
Ames Watson Capital's revenue is not publicly disclosed, as it is a private company. The firm generates revenue through management fees and carried interest on its investments. Claire's, its primary portfolio company, had annual revenue of approximately $1.4 billion at the time of acquisition in 2024.
Claire's sustainability practices have been limited compared to larger retail brands. As a budget accessories retailer sourcing primarily from China and other Asian countries, the brand faces supply chain transparency challenges common to fast-fashion and value retail.
Claire's does not publish a standalone sustainability report. The brand's parent company, Ames Watson Capital, is a private equity firm and is not required to publish ESG disclosures. Claire's has not publicly committed to specific carbon reduction targets, recycled material usage, or supply chain sustainability certifications.
The brand has faced product safety concerns. In 2017, the Washington Post reported that Claire's had recalled several makeup products after testing by a law firm found asbestos contamination in some products. Claire's disputed the testing methodology but pulled the products from stores. The U.S. Food and Drug Administration (FDA) conducted its own testing and found asbestos in three Claire's makeup products in 2018. Claire's disputed the FDA's findings and stated that its products were safe. The company subsequently reformulated some products and implemented additional testing protocols. As of 2025, the asbestos-related recalls remain a notable controversy in Claire's history.
Claire's does not have cruelty-free or vegan certifications for its cosmetics products. The brand is not listed on the Leaping Bunny database or PETA's Beauty Without Bunnies list. Claire's cosmetics are not certified by The Vegan Society. The brand does not publicly disclose whether its products are tested on animals or contain animal-derived ingredients.
Under Ames Watson's ownership, Claire's may face increased scrutiny regarding supply chain practices as it expands into mass-market retailers like Walmart and CVS, which have their own supplier sustainability and ethical sourcing requirements.
Claire's has limited independent industry awards recognition. The brand's most notable recognition comes from its market position rather than formal accolades. Claire's is widely recognized as the largest specialty retailer of fashion jewelry and accessories for tweens and teens in North America.
The brand's ear-piercing service has received consumer recognition. Claire's has performed over 100 million ear piercings since introducing the service, making it one of the largest ear-piercing providers in the world. This service is frequently mentioned in consumer publications and parenting blogs as a popular destination for first ear piercings.
Claire's has been featured in retail industry publications including Retail Dive and Fast Company, which have covered the brand's bankruptcy, acquisition by Ames Watson, and subsequent expansion strategy. The May 2026 Centric Brands licensing agreement received coverage in JCK (Jewelry Consumer News), The Independent, and Fast Company, highlighting the brand's pivot from a mall-only format to a multi-channel distribution model.
The brand has not received recognition from major retail industry awards programs such as the National Retail Federation Awards or Retail Week Awards. Claire's recognition is primarily cultural rather than industry-award-based, reflecting its status as a nostalgic brand for multiple generations of American women who shopped there as teenagers.
Claire's has faced significant product safety controversies. In 2017, the Washington Post reported that independent testing by the law firm Rhodes & Llyan found asbestos in three Claire's makeup products marketed to children. Claire's pulled the products from stores and disputed the testing methodology. In 2018, the U.S. Food and Drug Administration (FDA) conducted its own testing and confirmed the presence of asbestos in three Claire's products. The FDA issued a safety alert advising consumers not to use the affected products. Claire's disputed the FDA's findings and stated that its products were independently tested and found to be safe. The company subsequently reformulated some cosmetics products and implemented additional testing protocols. This controversy remains one of the most significant in Claire's history.
Claire's has faced two bankruptcy filings. The first, in March 2018, was a pre-packaged Chapter 11 restructuring that reduced approximately $1.4 billion in debt. The bankruptcy was caused by the debt burden from Apollo Global Management's 2007 leveraged buyout, combined with declining mall traffic. Claire's emerged from bankruptcy in September 2018. The second bankruptcy, in August 2025, resulted in the closure of 234 Claire's stores and 56 Icing stores. Ames Watson Capital acquired the company for approximately $140 million later that month.
The brand has also faced criticism for its labor practices. Claire's has been subject to wage and hour lawsuits, including a 2017 class-action lawsuit alleging that the company failed to provide adequate meal and rest breaks and failed to pay overtime to hourly employees in California. The case was settled for an undisclosed amount. Claire's has not faced major labor controversies at the scale of some fast-fashion retailers, but the brand's low-wage retail workforce has generated periodic employment litigation.
Claire's has faced scrutiny over its sourcing practices. As a retailer sourcing budget jewelry and accessories primarily from China, the brand has faced questions about supply chain labor conditions and product safety standards. Claire's has not publicly disclosed detailed supply chain audit results or factory lists, unlike some larger fashion retailers that have adopted supply chain transparency initiatives.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Gildan Activewear | USA | 1989 | Mass market | United states | Unisex | |
| Berkshire Hathaway | USA | 1870 | Luxury | United states | All Genders | |
| Cracker Barrel Old Country Store | USA | 1969 | Mass market | United states | All Genders | |
| Cvs Health | USA | 1963 | Mass market | United states | All Genders | |
| Family Dollar Stores | USA | 1959 | Mass market | United states | Unisex | |
| Fossil Group | USA | 1984 | Premium | Global | Unisex |
Fashion ApparelOwned by Gildan Activewear
Los Angeles clothing brand known for vertically integrated manufacturing and basics apparel, now owned by Gildan Activewear.
Fashion ApparelOwned by Berkshire Hathaway
American luxury jewelry retailer headquartered in Omaha, Nebraska, founded in 1870. Owned by Berkshire Hathaway (NYSE: BRK.A, BRK.B) since 1989. One of the largest independent jewelry stores in the United States.
Food Service RestaurantsOwned by Cracker Barrel Old Country Store, Inc.
American restaurant and gift shop chain known for Southern country cooking and old country store decor.
Healthcare PharmaceuticalsOwned by CVS Health Corporation
American pharmacy retail chain and one of the largest pharmacy networks in the United States, owned by CVS Health.
Retail EcommerceOwned by Family Dollar
American discount variety store chain offering affordable household items, merchandise, and general goods. Founded in 1959, Family Dollar operates approximately 7,100 stores across the United States. Sold by Dollar Tree in July 2025 to Brigade Capital Management and Macellum Capital Management.
Fashion ApparelOwned by Fossil Group, Inc.
American watch and accessories brand founded in 1984 in Richardson, Texas, known for vintage-inspired timepieces, leather goods, and licensed watch manufacturing for fashion brands. Fossil Group is publicly traded on Nasdaq under the ticker FOSL.
Market Positioning: Claire's competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Looking for brands with different ownership structures? These similar brands are not owned by Ames Watson Capital, giving you alternative choices that support different corporate structures.
Fashion ApparelOwned by Shein
Global online fashion and lifestyle brand operated by Singapore-headquartered Shein, known for an on-demand retail model and broad international reach.
SHEIN operates independently without a large parent corporation.
Fashion ApparelOwned by Berkshire Hathaway
American apparel company specializing in basic clothing and underwear, owned by Berkshire Hathaway.
Fruit of the Loom is owned by Berkshire Hathaway, a public company, a different structure than Claire's's parent.
Fashion ApparelOwned by H&M Group
Swedish multinational fast-fashion brand offering affordable clothing for men, women, and children in over 75 markets.
H&M operates independently without a large parent corporation.
Fashion ApparelOwned by Skechers U.S.A., Inc.
American footwear brand known for comfort-focused shoes, the third-largest footwear company globally by revenue.
Skechers operates independently without a large parent corporation.
Fashion ApparelOwned by adidas AG
German multinational sportswear brand designing and selling footwear, apparel, and equipment, headquartered in Herzogenaurach, Germany.
Adidas operates independently without a large parent corporation.
Fashion ApparelOwned by Gildan Activewear
Los Angeles clothing brand known for vertically integrated manufacturing and basics apparel, now owned by Gildan Activewear.
American Apparel is owned by Gildan Activewear, a public company, a different structure than Claire's's parent.
Discover popular brands and companies in the Fashion & Apparel category and related searches from other users.

German luxury watch manufacture based in Glashutte, Saxony, founded in 1845 and revived in 1994 after German reunification. Owned by Richemont since 2000, and the only major German manufacture in the Richemont portfolio.

German multinational sportswear brand designing and selling footwear, apparel, and equipment, headquartered in Herzogenaurach, Germany.

American premium athletic footwear and apparel brand launched by Nike in 1984 in partnership with Michael Jordan, now operating as Jordan Brand.