Claire's Stores

bankrupt

Retail — Apollo

Deal Terms

Entry Year2007

Entry EV$3.1B

Entry Multiple10x

Leverage7x

Debt Amount$2.5B

Risk Metrics

LTV (est.)81%

Debt / EV0.81x

Notes

$3.1B LBO loaded with $2.5B debt. Bankrupt 2018 ($2.1B long-term debt). New PE owners (Elliott/Monarch). Bankrupt AGAIN August 2025 ($1B+ liabilities).

Sponsor

Apollo Global Management$938B AUM

Hot Potato History

2007→Apollo Global Management($3.1B)

2018→Elliott + Monarch Alternative($0.5B)

Bankrupt for the SECOND time (Aug 2025). $1B+ liabilities.