Claire’s Stores Inc., a mall-based retailer that specializes in selling fashion accessories to teens, reportedly is planning to file for bankruptcy in the coming weeks.

Claire’s, known for its ear-piercing service, is closing in on a deal to pass control of the company from Apollo Global Management to lenders that include Elliott Capital Management and Monarch Alternative Capital, according to Bloomberg, which cited people with knowledge of the plans.

New York-based Monarch specializes in…

Houston Biz Journal
Teen retailer Claire’s reportedly planning bankruptcy filing