Dragons’ Den investor Touker Suleyman has dramatically entered the high-stakes battle to rescue Claire’s UK from administration, positioning himself against formidable rivals Modella Capital and HMV savior Doug Putman in a bid that could determine the fate of 2,150 jobs and 306 stores across the UK and Ireland.
Claire’s UK Rescue Bid Intensifies
The administration process has triggered a competitive auction with multiple serious contenders. Consequently, Interpath Advisory is evaluating proposals that prioritize job preservation and store retention. Importantly, Suleyman’s bid specifically aims to maintain the Birmingham head office while preserving a significant portion of the store estate.
Key Players in the Rescue Operation
Three major players have emerged in the Claire’s UK rescue effort:
- Touker Suleyman – Dragons’ Den investor with extensive retail experience
- Modella Capital – Recent acquirer of Hobbycraft and WH Smith’s high-street business
- Doug Putman – Sunrise Records owner who successfully rescued HMV in 2019
Administration Timeline and Challenges
Claire’s entered administration on 13 August 2025, creating immediate uncertainty for employees and suppliers. Meanwhile, the UK business recorded a £4 million pre-tax loss on £137 million sales in its most recent financial year. The administration process coincides with the North American assets transferring to Ames Watson, adding complexity to any UK rescue deal.
Financial Considerations and Lease Liabilities
Potential acquirers must navigate significant inherited lease obligations across 306 locations. Additionally, any successful bid requires coordination with Ames Watson as the new intellectual property owner. The administrators will prioritize bids that offer the strongest employment protection and store preservation while ensuring financial viability.
Industry Context and Retail Challenges
Claire’s difficulties reflect broader retail sector challenges including intensified competition and consumer spending shifts. The migration away from pure bricks-and-mortar retail has particularly affected specialty retailers. However, successful recent rescues of HMV and other brands demonstrate that viable turnaround opportunities exist.
Future Outlook and Next Steps
Interpath Advisory continues to operate stores while evaluating competing offers. The decision timeline remains uncertain, but stakeholders expect resolution within weeks. Ultimately, the winning bidder will need to implement a robust turnaround strategy addressing both operational improvements and digital transformation.
Frequently Asked Questions
How many jobs are at risk in Claire’s UK administration?
2,150 jobs across 306 stores (278 in UK, 28 in Ireland) are currently at risk pending the administration outcome.
Who are the main bidders for Claire’s UK?
Touker Suleyman, Modella Capital, and Doug Putman (HMV rescuer) are the leading contenders, with Hilco Capital also showing renewed interest.
What happens to Claire’s online sales during administration?
Online sales have been temporarily suspended while Interpath Advisory seeks a buyer for the business.
How does the North American sale affect UK operations?
Ames Watson’s acquisition of North American assets means any UK buyer must negotiate intellectual property rights separately.
What criteria will determine the winning bid?
Interpath will prioritize offers that preserve the most jobs and stores while aligning with Ames Watson’s IP ownership and addressing lease liabilities.
When is a decision expected?
While no official timeline exists, industry observers expect a resolution within several weeks given the urgent nature of retail administrations.
