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Stock impact report

Chinese and Asian suppliers in limbo over fashion chain Claire's bankruptcy [Yahoo! Finance]

Rimini Street, Inc. (RMNI) 
Company Research Source: Yahoo! Finance
Hong Kong, mainland China and across Asia - face financial anxieties as they grapple with the uncertain prospects of recovering debts following the retailer's recent bankruptcy filing. Some have already taken legal action, though the outcome of their claims remains unclear. The financial anxieties stem from the company's decision in August to file for bankruptcy in the US for the second time in seven years amid slowing consumer spending and the switch to online shopping . The tween jewellery and ear-piercing retailer had nearly US$500 million in loans due by December 2026. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. In September, Ames Watson, a privately held investment firm with a track record in revitalising iconic brands, acquired Claire's for US$140 million. Later that month Show less Read more
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