Claire's new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt [MSNBC.com]
Rimini Street, Inc. (RMNI)
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Source: MSNBC.com
Chris Ratcliffe | Bloomberg | Getty ImagesTween retailer Claire's is facing legal challenges from some of its Asia-based suppliers over millions in unpaid debts as it tries to emerge from asecond bankruptcyThe clash with vendors comes as private equity firmAmes Watson navigates its first holiday seasonSince acquiring Claire's, Ames Watson has been trying to rebuild what co-founder Lawrence Berger previously told CNBC is a "broken businessThe retailer's sprawling supply chain, made up of longtime vendors equipped to handle the rigorous safety standards governing children's products, has long been considered the company's "secret sauce," former Claire's CEO Ron Marshall told CNBC. Without the support of those suppliers during itsfirst bankruptcyThe dispute with suppliers adds another challenge for Ames Watson as it tries to fix the long struggling retailer. As the U.S. hits the final days of peak shopping, Ames Watson said "Claire's has inventory in place for the holiday season."Claire'
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- Claire's new owner Ames Watson feuds with Asia-based suppliers over millions in unpaid debt [CNBC]CNBC
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RMNI
Earnings
- 10/30/25 - Miss
RMNI
Sec Filings
- 12/3/25 - Form 8-K
- 11/26/25 - Form 8-K
- 11/17/25 - Form 4
- RMNI's page on the SEC website