According to recent press and people familiar with the matter, Claire’s Stores, Inc. is preparing to file for bankruptcy in the coming weeks. The Company is closing in on a deal in which control would pass from Apollo Global Management LLC to lenders including Elliott Capital Management and Monarch Alternative Capital, according to the people, who asked not to be identified because the matter isn’t public. Venor Capital Management and Diameter Capital Partners are also involved, the people said. Read more on distressed companies.
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