Mar 20 2018
"Claire's is actually growing, not shrinking, its business", the company said in a statement. The Company expects its concessions business to grow by more than 4,000 stores in 2018. The company also had too much debt, costing it $183 million a year alone in interest payments, he said. The Company's iconic ear piercing services are unmatched and can not be replicated online. Claire's plans to continue its store operations per usual throughout the Chapter 11 process. The company's bankruptcy doesn't include $245 million in funded debt at affiliates, according to court papers. The company now has $1.9 billion in debt on its books, with $1.4 billon of funded debt due to mature next year.
Claire's said Monday it is "confident" it will emerge from bankruptcy protection in September, having reduced its debt by almost $2 billion.
"This transaction substantially reduces the debt on our balance sheet and will enhance our efforts to provide the best possible experience for our customers", Claire's Chief Executive Officer Ron Marshall said in the press release.
NY professor sues Cambridge Analytica
Cambridge Analytica indicated privately to Facebook in 2015 that it "destroyed the data" after receiving it, Facebook said Friday. CNN reported Sunday that Carroll asked Cambridge Analytica a year ago to provide the data it had gathered on him.
Boris Johnson says it's likely Putin personally ordered United Kingdom attack
Salisbury District Hospital has also assessed 46 people who came forward expressing health concerns but they were not admitted. Polish foreign minister Jacek Czaputowicz said: "We are sure that it is the Russian state which is involved in this attempt".
Victim identified in UAB Highlands Hospital shooting
Police found two victims along with the gunman who died of a self-inflicted gunshot wound. Surgeries scheduled on Thursday at the UAB Highlands Hospital have been canceled.
Claire's Stores operates more than 7,500 locations in 45 countries, including two stores in The Empire Mall.
Its revenue has declined $200 million since 2014 and the company faces large debts after a private equity buyout.
The Ad Hoc First Lien Group is represented by Willkie Farr & Gallagher LLP and Millstein & Co.
Mar 20 2018
Russians begin voting for presidential election
With 99.8% of the vote counted, the Central Election Commission said communist Pavel Grudinin came in a distant second with 11.9%. He recently announced that Russian Federation has developed advanced nuclear weapons capable of evading missile defences.
Mar 18 2018
We could have scored more against Swansea: Mauricio Pochettino
Swansea made a change at the break, replacing Kyle Naughton with Luciano Narsingh , but the pattern remain unchanged as Spurs pressed for a third goal.
Mar 17 2018
Marcus Smart: Ruled out through rest of regular season
Marcus Smart will be out at least 6-8 weeks after having surgery to fix the UCL in his right thumb Friday, the team announced. Smart sprained his right thumb diving for a loose ball in Sunday's loss to the Pacers.
Mar 17 2018
Interior secretary wrongly used 'konnichiwa' at hearing on Japanese-American internment camps
President Gerald Ford apologized in 1976, calling the incarceration program a " setback of American principles ". Some 120,000 Japanese-Americans were detained during World War II because they were perceived as a threat.
Mar 16 2018
Study finds microplastics in 93% of bottled water samples
They also point to the absence of any regulations on micro-plastics and of the lack of standardized methods of testing for them. That's about twice the level of contamination discovered in the group's earlier study on plastic contamination in tap water .
Mar 16 2018
Gonzaga vs. UNC Greensboro in men's NCAA Tournament 2018
No. 4 Gonzaga looks to return to the national championship game after coming up short in 2017. Gonzaga will start by playing UNC Greensboro , which hails from the Southern conference.
Mar 16 2018
Man known as 'stocking strangler' to be executed in Georgia
Gary's attorney, John Martin, says there is far too much doubt to conclude guilt to the point of a death sentence for his client. Authorities have said Gary confessed to participating in the burglaries but said another man committed the rapes and killings.
Mar 16 2018
Sundar and Rohit power India to victory
In the four games played in the series, the teams that chose to bowl first after winning the toss have gone on to win the match. Nearly as good as Sundar, but not quite, has been the other frontline spinner in India's ranks: Yuzvendra Chahal .
Mar 15 2018
Hey it's national Pi Day and Blaze has $3.14 pizzas
Coco's Bakery Restaurant: Members of Coco's email club can get a coupon for a $3.14 slice of pie, according to representatives. Since this year's Pi Day falls on a Wednesday, Baker's Square Wednesday free pie slice comes into play.
Mar 15 2018
Melrose Raises Offer for GKN to $11.2 Billion to Sway Investors
It has offered to give back £2.5bn to shareholders and agreed to merge its vehicle unit with United States company Dana. The tie-up is expected to deliver annual cost savings and other benefits worth $235 million within three years, it said.
Mar 20 2018Federation Internationale de Football Association approves video assistant referees for World Cup 2018
Mar 20 2018Apple is reportedly working on its own MicroLED screens
Mar 19 2018Pakistan Providing Secret Support to Taliban: US Army General Votel
Mar 19 2018North Korea's Kim congratulates China's Xi on re-election as president
Mar 18 2018Pyeongchang 2018: more medals for Ukraine
Mar 17 2018John Bailey Sexual Harassment: Academy President Under Investigation
Mar 16 2018Why does the queen call Prince Harry's fiancée 'Rachel' Meghan Markle?
Mar 16 2018American Idol Kid Is Pissed Katy Perry Kissed Him
Mar 16 2018Jack Wilshere returns to England squad for Netherlands and Italy clashes
Mar 16 2018John Cena issues a WrestleMania 34 challenge to The Undertaker
Mar 20 2018John Oliver trolls Mike Pence with a book about a gay bunny
Mar 19 2018Pak 'must do more' against Taliban: Mike Pence tells Shahid Khaqani Abbasi
Mar 18 2018Antonio Conte looks to FA Cup after Chelsea's exit from Europe
Mar 18 2018Antonio Conte admits he will be sacked at Chelsea
Mar 18 2018Ireland annihilate England to WIN The Grand Slam & The Six Nations
Mar 17 2018Snow and ice warning for Sussex
Mar 17 2018Chicago Pulls Out Of Joint US Bid To Host 2022 World Cup
Mar 16 2018United mistakenly flies Kansas-bound dog to Japan
Mar 16 2018Nidahas Trophy: Bangladesh opt to field against India
Mar 15 2018Jamie Carragher discusses spitting incident following suspension
Mar 15 2018Starting opportunities shrinking for AJ McCarron in National Football League free agency
Mar 15 2018Sessions mulling firing FBI Deputy Director Andrew McCabe before he retires