The prolific high street investor which owns Lakeland and has backed chains including HMV and Superdry is sizing up a takeover of the UK operations of Claire's, the struggling jewellery chain.
Sky News understands that Hilco Capital, which was also one of the recent bidders for Poundland, is among the parties expected to submit offers for Claire's in the coming weeks, according to banking sources.
Other parties expected to examine offers for Claire's British chain, which trades from about 280 stores, would include Alteri Investors and Modella Capital, which recently bought WH Smith's high street chain.
The Telegraph reported earlier this month that Claire's had hired Interpath Advisory to find a buyer for the UK business as it explores options - including bankruptcy - for its US-based operations.
Prospective buyers of the business have been told that a sale of the British chain could lead to significant numbers of store closures.
One retail industry boss speculated that as many as a third of the UK shops could be axed in a deal to salvage the rest of the chain, potentially putting hundreds of jobs at risk.
Claire's has been a fixture in British shopping centres and on high streets for decades.
Houlihan Lokey, the investment bank, is advising on the sale of the US arm.
Claire's, which is reported to trade from 2,000 stores globally, is owned by former creditors Elliott Management and Monarch Alternative Capital following a previous financial restructuring.
Hilco could not be reached for comment on Sunday.
(c) Sky News 2025: Lakeland-owner Hilco eyes swoop for stricken jeweller Claire's
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