Bankrupt fashion jewelry retailer Claire's sells its North American business.

Fashion jewelry retailer Claire's announced on August 20th local time that it has reached an agreement with an affiliate of Ames Watson, who will acquire Claire's business in North America. The announcement stated that after Claire's decided to initiate voluntary bankruptcy protection in the United States and initiate a restructuring process in Canada, the company has been committed to exploring all possible options to maximize its business value, and this transaction will significantly support the company in creating value through the restructuring process.