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Claire's has filed for bankruptcy. The hub for ear piercings at malls across America is the latest retailer to succumb to its massive pile of debt.Claire's, which says it has pierced more than 100 million ears around the world, reached a restructuring agreement with its creditors. In a Chapter 11 bankruptcy filing on Monday, Claire's said it will reduce its by debt .9 billion. It held .1 billion in debt at the end of 2017.The company will continue to operate its approximately 1,600 Claire's and Icing brand stores in the United States during the bankruptcy process and expects to complete it by September. International stores are not part of the restructuring agreement."This transaction substantially reduces the debt on our balance sheet," Claire's CEO Ron Marshall said in a statement. "We will complete this process as a healthier, more profitable company." Marshall came from now-defunct bookstore chain Borders. Claire's struggles stem from a deal it struck more than a decade ago that left it burdened with debt.In 2007, Apollo Management, a private equity firm, bought Claire's for .1 billion and took the company private in what's known as a leveraged buyout.Claire's could never escape its debt load. As traffic slowed to its brick-and-mortar stores, shoppers moved to digital channels and fast fashion chains such as H&M, Zara and Forever 21 chipped away at sales.Claire's joins a long line of retailers that have filed for bankruptcy in recent years, including Toys "R" Us, Payless Shoes, Gymboree, Rue21, The Limited and RadioShack.Toys "R" Us, another company left deep in debt from a leveraged buyout, said last week that it was liquidating its 735 stores in the United States.Claire's believes a lighter balance sheet will help it avoid Toys "R" Us' fate and still remain a "Girl's Best Friend." And the company says its business is Amazon-proof because you can't pierce your ears online.The-CNN-Wire 1940
CLEVELAND, Ohio - We’re a little over a month away from Thanksgiving and health officials are more concerned than ever thinking about spiking coronavirus cases as families may be planning to gather for the holiday.“We had seen a decrease in cases from our peak, of course, which was in July and we were down into the 40s per day of receiving cases until the mid-last week. Then it started to go up from there," said Romona Brazile, Interim Co-Director of Prevention and Wellness Services at Cuyahoga County Board of Health. "Of course, we want to see our families, but limiting the number of people, still trying to practice social distancing even if it is in your own home, still wearing a mask."Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Disease agrees. His own family is now sacrificing not seeing each other as his children worry about his age and possible exposure to the virus.“Don't assume that because you're in your own home with your own family that you're not going to spread infection,” he said.Even traveling to see our families is risky. Dr. Fauci said travel on planes and public transportation could increase exposure to the virus.Instead, the CDC is offering up some suggestions on ways you can still have a holiday celebration with friends and family while being safe.The agency said celebrating virtually is your best bet, but if you do meet up in person make sure you stay outside as much as possible and avoid crowds. The CDC also said gatherings with more preventive measures in place pose less risk compared to gatherings with fewer or no preventive measures at all.After any holiday celebrations, you should stay at home as much as possible, avoid crowds and those considered at risk. You may even want to think about getting tested for the coronavirus.This story was first published by Taneisha Cordell at WEWS in Cleveland, Ohio. 1900
CORONADO, Calif. (KGTV) -- A celebration of life was held in Coronado Thursday night for Nicole Quitasol, the San Diego woman killed in a boat fire off Santa Cruz Island. The event was held at Nicky Rottens, and restaurant officials said the celebration of life was also to help the fundraising efforts to support Quitasol’s family. Quitasol was on the dive trip with four family members, her coworkers posted on Facebook. "Nicole has worked with our Nicky Rottens Coronado family for years, and she will be remembered as an adventurous & loving soul," wrote Bryn Butolph, who described Quitasol as smart and loving.RELATED: San Diego woman killed in deadly Conception boat fire off Santa Barbara"She will be greatly missed," Butolph added. He told 10News Quitasol was devoted to her dog, Peanut Butter.The family of five was among the 34 presumed dead following the blaze. All were sleeping below deck when the fire broke out in the early morning hours of Sept. 2. Other victims included students from a Northern California charter school serving grades 7-12, and a marine biologist who owned the diving company and was leading the tour.A GoFundMe account was created to help Quitasol's mother, who lost three children.KCRA in Sacramento identified the other family membersas Nicole’s sister Evan and sister Angela, both from Stockton, and their father Michael and stepmother Fenisa Sison, both from Modesto. 1421
Cross-platform comparison of ?? Face with Medical Mask prior to Apple's iOS 14.2 beta release. Image: Vendor designs / Emojipedia composites. 149
COLUMBIA, S.C. (AP) — James Brown, the Godfather of Soul, had a dying wish to help educate needy children. But his estate has been held up by 14 years of legal battles. Now the South Carolina Supreme Court has ruled unanimously that Tomi Rae Hynie, a former partner of Brown's who claimed to be his wife, was not legally married to the singer due to her failure to annul a previous marriage, and therefore has no right to his estate. Brown's union with Hynie has long been the center of the evolving legal troubles following his death at the age of 73 on Christmas Day 2006. 582