Claire’s said it has the support of most of its debt holders, and plans to exit bankruptcy in September 2018.
Lucy Peng assumes the ceo position as the Chinese e-commerce firm doubles its play into the Southeast Asian market to $4 billion.
The new ceo laid out six strategic priorities for the brand, which he said was Millennial-focused before Millennials even existed.
The company said it saw increases in all business segments during the fourth quarter.
Net proceeds will be used for the group’s general corporate purposes and may fund the acquisition of YNAP.
Richemont will publish its offer document on March 18.