What’s Next for Claire’s Stores?

Investors that own the bonds of Claire’s Stores are getting nervous. The tween jewelry retailer, which was taken private in a 2007 $3.2 billion leveraged-buyout, isn’t making enough in operating profits to cover interest expenses. It has bonds due in 2017 that it may have trouble refinancing if turnaround plans don’t take off. On June 4, [...]