Claire's, a girl's fashion, jewelry, and accessories retailer, withdrew its plans for an initial public offering on Friday. It originally filed in September 2021 with a proposed deal size of $100 million. The company had not updated its prospectus since August 2022.
The Hoffman Estates, IL-based company was founded in 1961 and booked $1.5 billion in sales for the 12 months ended April 30, 2022. It had planned to list on the NYSE under the symbol CLRS. Goldman Sachs, Citi, TD Cowen, Guggenheim Securities, Piper Sandler, and Telsey Advisory Group were set to be the joint bookrunners on the deal.
