Claire’s collapsed into administration in the UK and Ireland on 13 August, putting 2,150 jobs at risk.
The chain had been particularly popular for its ear piercing services and was a common stop in the early 2000s for tweens and teens during weekend shopping trips across the world.
Its stores are known for their colourful selection of hair bands, earrings, jewellery, and occasionally for toys such as slime and fluffy collectables.
Natasha Harbinson, Interpath’s managing director, said: “We are pleased to confirm a sale of the majority of Claire’s UK business and assets which will ensure this popular brand will continue to trade on High Streets up and down the UK.”
The UK stores not currently included in the deal will remain open and will continue to trade while the administrators continue to assess their options.
Will Wright, Interpath’s UK chief executive and joint administrator, added: “Our intention is to continue to trade the remaining portfolio of stores for as long as we can, while we explore the options available.”
Joe Price, managing director at Modella Capital, said: “We strongly believe this much-loved brand deserves the chance to remain on the High Street in the UK and Ireland.”
Mr Price said Claire’s was facing “significant” issues and Modella Capital would need to “work collaboratively with all interested parties” if the rescue plan was to succeed.
Ms Harbinson said that the administrators had also secured a sale of the Claire’s business in Switzerland, while discussions will continue regarding the fate of other Claire’s entities in France, Italy and Poland.
On 20 August, Claire’s announced it had sold its North American business to private equity firm Ames Watson for $104m (£77m) and revealed it would close 290 stores in the US.
