Jewellery retailer Claire's files for bankruptcy protection for 2nd time in 7 yrs
US-based jewellery retailer Claire's has filed for bankruptcy protection for second time since 2018 as US President Donald Trump's tariff plans made the firm deal with higher import costs for its goods. Claire's listed its liabilities and assets as $1 billion and $10 billion respectively. The firm had filed for bankruptcy in March 2018 after failing to list in 2013.