Home Business Claire’s stores to be saved in Portugal Claire’s stores to be saved in Portugal A French investor has stepped in to prevent the closure of 31 Claire’s stores in Portugal, safeguarding around 200 jobs and ending the company’s insolvency proceedings in the country.
Claire’s stores to be saved in Portugal
Saturday, 10 January 2026RSS
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Context & Explainers
Insolvency is a legal finding that a company cannot pay its debts when due, which opens a court‑supervised insolvency proceeding (processo de insolvência) to restructure the business or liquidate assets. The court appoints an administrator, creditors file claims and certain claims (like unpaid wages) often get priority; for employees this can mean job loss but also possible access to outstanding wage protection schemes, while creditors may recover only part of what they are owed.
