By Sabela OjeaClaire's Holdings is withdrawing its initial public offering, according to a Securities and Exchange Commission filing released Friday. In September 2021, the jewelry and accessories company filed a registration stratement with the SEC. But the registration statement hasn't been declared effective and no corporate securities have been sold, Claire's said. Two days before it filed for an IPO, Claire's also filed for bankruptcy protection "to eliminate a substantial portion of debt from the company's balance sheet and to position Claire's for long-term success." Write to Sabela Ojea at sabela.ojea@wsj.com

Source: Wall Street Journal July 01, 2023 08:49 UTC