Bayard has been selected to serve as co-counsel to the Official Committee of Unsecured Creditors (the “Committee”) in In re Claire’s, Inc. (Case No. 18-10584 (MFW)) filed on March 19, 2018, in the United States Bankruptcy Court for the District of Delaware. On March 27, 2018, the Office of the United States Trustee formed the Committee. After its formation, the Committee selected Cooley, LLP and Bayard, P.A. as its legal counsel and Province, Inc. as its financial advisor. Bayard attorneys Justin R. Alberto, the lead director for Bayard’s representation, Erin R. Fay and Gregory J. Flasser are involved in the matter.
Claire’s, headquartered in Hoffman Estates, IL., positions itself as one of the world’s leading specialty retailers of fashionable jewelry and accessories for young women, teens, tweens and kids. The company has been operating in the U.S. since 1961 and can be found in 95% of malls across the country. The company and some of its U.S. affiliates filed for chapter 11 protection on March 19, 2018. Claire’s operates a website at https://www.claires.com/.