Claire’s does have a future in the UK and Ireland after it emerged on Monday that Hobbycraft owner Modella Capital will buy most of the business.
Photo: Sandra Halliday
The investment firm is taking on 156 Claire’s stores from administrator Interpath Advisory for an undisclosed sum, with around 1,000 jobs saved.
But that’s only just over half of the full store estate with another 145 locations that Interpath will continue to operate while it assesses options for them.
The business, whose global operations have faced the same crisis as in the UK, saw its original US operation acquired out of bankruptcy by private equity firm Ames Watson for $140 million earlier this month.
The UK and Irish business went into administration just over a month ago after attempts to sell it as a going concern proved fruitless. Potential buyers appeared to get cold feet as the extent of its problems emerged.
The accessories chain had once been hugely popular but struggled in the face of rising e-tail competition. US tariffs added to the problem this year with many of its products being made in China and the parent company also being heavily indebted.
Catimini: a name that resonates across France’s childrenswear market. And it is poised for a revival. On January 20, French baby and childrenswear specialist CWF announced the acquisition of Catimini.
CWF takes over Catimini to position it in the premium segment – Catimini
After several turbulent seasons under the ID Kids umbrella, marked by a drastic reduction in its store network from 2023 and a suspension of operations in 2024, Catimini is changing hands. The northern French group had taken over Catimini, along with several other brands from the beleaguered Kidiliz group, in 2020 but failed to restore the brand’s profitability; despite 18 million euros in revenue (per filed accounts) in 2021 and 2022, it posted multi-million-euro losses.
In formalising the deal, without disclosing the amount, Children Worldwide Fashion said it had brought the brand’s founders, Paul and Monique Salmon, who launched the label in 1972, on board.
“Catimini was born of a free and creative vision of children’s fashion. Seeing it join CWF, in Vendée, where it took root, is an obvious choice. We share the same values of know-how, high standards and respect for the brand’s DNA, and I have no doubt about the teams’ ability to embody its codes, gestures and soul,” said Paul Salmon, who is supporting this handover, in a press release.
For CWF, the stakes are high: to restore the lustre of a house that has defined the creative wardrobe of generations of children, while integrating it into the logistical and commercial set-up that has enabled it to establish itself as a strong player on the global children’s luxury stage.
The Les Herbiers-based group built its reputation managing luxury licences (from Givenchy to Marc Jacobs and, more recently, Boss), and is now accelerating the development of its own brands. Alongside Billieblush, Catimini becomes its new in-house standard-bearer. Repositioned in the premium segment, the brand will draw on the group’s expertise as it seeks to reclaim its place in the market by reconnecting with the strongest elements of its DNA, with joyful, graphic fashion in which its signature red is set to play an important role.
CWF is also announcing a first collection for spring/summer 2027, comprising 150 styles for ages 2-14, including accessories, footwear and a gift offering for babies. This comprehensive proposition should quickly find its place within the Kids around network, the group’s multibrand concept, which already boasts 85 stores in 29 countries. The French market accounts for more than a third of the group’s revenue, with CWF Fashion reporting 210 million euros in 2024, according to filed accounts.
To mark this new chapter, CWF intends to make a statement. The group will unveil the first looks of this “new” Catimini on March 11, at a special catwalk show at the Palais de Tokyo in Paris. A deliberate choice of venue, as the site hosts numerous fashion shows during fashion weeks. A symbol of CWF’s determination to bring its premium expertise to Catimini across the board.
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Nike Inc.’s top executive in Greater China, Angela Dong, is stepping down as the sportswear company looks to reverse a sales decline in the market.
Angela Dong – Nike
Dong will leave Nike on March 31, the company said in a statement. She’ll be replaced by Cathy Sparks who was previously leading the Asia Pacific and Latin America division. Nike also announced changes for the leadership of the Europe Middle East and Africa division.
The leadership changes suggest Nike is looking at a new strategy for Greater China. Chief Executive Officer Elliott Hill has recaptured some of Nike’s momentum since taking over, but China remains a key challenge, with sales plunging 17% in the latest quarter.
He said in December that China is “at the top” of the company’s list of priorities, and stressed the company needs to move faster.
Nike shares fell less than 1% in extended trading in New York. The stock fell 16% last year, the fourth consecutive annual decline.
Maybelline New York has named Chinese boy group Teens in Times (TNT) as its newest brand ambassadors and global partners.
Maybelline names Teens in Times (TNT)asbrand ambassadors and global partners. – Maybelline New York
In this role, TNT will front upcoming campaigns in China while also participating in broader brand initiatives, underscoring the universal appeal of Maybelline New York’s hero product lines beyond regional markets.
The appointment comes as Maybelline New York continues to accelerate its digital-first, youth-focused strategy on a global scale.
By welcoming TNT into the brand’s ambassador roster, Maybelline aims to inspire a new generation of beauty consumers to embrace individuality through high-performance, trend-setting products.
“Known for their exceptional talent, relentless work ethic, and authentic connection with their audience, TNT embodies the core values of Maybelline New York: self-expression, confidence, and the courage to “make it happen,”” the cosmetics company said in a statement.