Claire’s Stores Canada Corp.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-25-00748871-00CL
Filings held53
Last activity18 Sep 2026
On the record411 days
OverviewSummary updated
Claire's Stores Canada Corp. obtained CCAA protection from the Ontario Superior Court of Justice (Commercial List) on August 6, 2025 under Court File No. CV-25-00748871-00CL, with KSV Restructuring Inc. (Mitch Vininsky) as monitor. The initial order stayed proceedings to August 15, 2025 and granted an administration charge to a maximum of $400,000 and a directors' charge to a maximum of $2,900,000. The court approved a sale to Claire's Essentials Canada Corp. on September 16, 2025; that transaction closed September 18, and the company ceased operations on September 23, 2025 following completion of the liquidation sale. A claims process approved November 14, 2025 carries a claims bar date of February 18, 2026. The proceeding remains active, most recently before the court on May 13, 2026.
Claims processIf you are owed money
The claims bar date has passed — claims were due by
Per the Claims Procedure Order dated November 14, 2025 dated 14 November 2025.
Proceedings AIAsk this case — answers cite the filings
Case updates55 dated entries
#Claims
Meeting Order - 6045073 Cananda Inc. - Cavanagh .J - 14-Sep-2026 was filed.
Source: Meeting Order - 6045073 Cananda Inc. - Cavanagh .J - 14-Sep-2026
52 earlier updates, back to 6 August 2025 — subscribers.
AnalysisAll insights
Case update
Claire's Canada: 62 cents on the plan, 12 in a bankruptcy
The American parent's liquidating trust filed a $72.59 million claim against the Canadian company that once ran 103 stores. On September 3 it settled for $32.15 million, gave up the whole promissory note, and agreed to take nothing from the first $1,374,600 distributed — which is the difference between ordinary creditors recovering 62 cents on the dollar and recovering 12.
Parties
Debtor
Claire’s Stores Canada Corp.
Monitor
KSV
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 4 orders, Aug 2025 – Nov 2025 | 89 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 4 orders, Aug 2025 – Nov 2025 | 109 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, Sep 2026 | 288 cases on record |
| Justice Steele | Ontario Superior Court of Justice | 2 orders, May 2026 | 220 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKSV | Goodmans LLP | 3 Feb 2026 | Factum · 11 May 2026 |
| ApplicantClaire’s Stores Canada Corp. | Kirkland & Ellis LLP · Osler, Hoskin & Harcourt LLP | 6 Aug 2025 | Service list · 3 Feb 2026 |
| CreditorAWS Claire's LLC | Blake, Cassels & Graydon LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorBentallGreenOak (Canada) LP and QuadReal Property Group | Blaney McMurtry LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorCadillac Fairview Corporation | Torys LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorClaire's Liquidating Trust | Kelley Drye & Warren LLP | 4 Sep 2026 | Service list · 4 Sep 2026 |
| CreditorCrombie Developments Limited | Gardiner Roberts LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorHilco Canada | Cassels Brock & Blackwell LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorMorguard, RioCan, Ivanhoe Cambridge, Salthill and Cushman & Wakefield | Camelino Galessiere LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
| CreditorOxford Properties Group | Thornton Grout Finnigan LLP | 3 Feb 2026 | Service list · 3 Feb 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Court-ordered charges | Directors' Charge — Second – Directors’ Charge (to the maximum amount of $2,900,000) | $2.9M | Initial Order dated August 6, 2025 |
Sale processAs stated in the filings
3 transactions · 2 closed · 1 not completed — Sale Transaction closed with the Canadian Purchaser acquiring the Canadian Acquired Assets and assuming 73 of 77 eligible leasesFifth Report of the Monitor dated September 4, 2026 · 4 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| unnamedfour Eligible Canadian Leases (the Rejected Stores) · ResidualCo: 6045073 Canada Inc. | not stated | Not completed30 Sep 2025 | Third Report of the Monitor dated November 12,… |
| AWS Claire's LLCthe applicable Acquired Assets (as defined in the Purchase Agreement and Canada Letter Agreement), including the Eligible Canadian Leases · asset sale · nominee/assignee: Claire's Essentials Canada Corp. · agreement 18 Aug 2025 | Subscribers | Closed | Fifth Report of the Monitor dated September 4,… |
| Claire's Essentials Canada Corp.all of the Applicant's right, title and interest in and to the applicable Acquired Assets · asset sale · agreement 18 Aug 2025 | Subscribers | Closed30 Sep 2025 | Fifth Report of the Monitor dated September 4,… |
Advisorsthe Consultant (liquidator); Hilco Merchant Retail Solutions, ULC, Gordon Brothers Canada ULC, and SB360 Capital Partners, LLC (liquidator); Houlihan Lokey (financial advisor)Third Report of the Monitor dated November 12, 2025
RecoveriesAs stated in the filings
Unsecured creditors: a distribution. Claire's Liquidating Trust a distribution.EstimatedFifth Report of the Monitor · 4 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Affected Creditors (other than Claire's Liquidating Trust) | — | a distribution | Estimatedper the monitor | Fifth Report of the Monitor · 4 Sep 2026 |
| Unsecured | Persons holding Intercompany Claims | — | no distribution | Under the planvote pendingper the debtor | Plan of Compromise and Arrangement · 4 Sep 2026 |
| Unsecured | Claire's Liquidating Trust | — | a distribution | Estimatedper the monitor | Fifth Report of the Monitor · 4 Sep 2026 |
| Equity | Persons holding Equity Claims | — | no distribution | Under the planvote pendingper the debtor | Plan of Compromise and Arrangement · 4 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Fees and ratesAs stated in the filings
14 engagements · 4 firms — latest: AlixPartners Restructuring, Inc., 1 May – 31 Jul 2026Fifth Report of the Monitor · 4 Sep 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| AlixPartners Restructuring, Inc.Monitorperiod 2 of 2 | 1 May – 31 Jul 2026 | — | — | ••• | Fifth Report of the Monitor · 4 Sep 2026 |
| AlixPartners Restructuring, Inc.Monitorperiod 1 of 2 | the Period | — | — | ••• | Motion Record of the Monitor · 4 Sep 2026 |
| Goodmans LLPCounsel to the monitorperiod 1 of 2 | 1 Nov 2025 – 30 Apr 2026 | ••• | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| Goodmans LLPCounsel to the monitorperiod 1 of 2 | Relevant Period | ••• | ••• | •••6 people | Motion Record of the Monitor · 4 Sep 2026 |
| Goodmans LLPCounselfirm not named in the heading | the Relevant Period | ••• | — | •••4 people | Claires - Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 9 of 9 | 1 Dec 2025 – 30 Apr 2026 | — | — | •••2 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 9 of 9 | 1 Apr – 30 Apr 2026 | — | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 9 of 9 | 1 Nov 2025 – 30 Apr 2026Approved | — | — | ••• | Motion Record of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 6 of 9 | 1 Mar – 31 Mar 2026 | — | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 5 of 9 | 1 Feb – 28 Feb 2026 | — | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 4 of 9 | 1 Jan – 31 Jan 2026 | — | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 3 of 9 | 1 Dec – 31 Dec 2025 | — | ••• | •••4 people | Fourth Report of the Monitor · 8 May 2026 |
| KSV Restructuring Inc.Monitorperiod 1 of 9 | 1 Aug – 31 Oct 2025 | — | — | ••• | Third Report of the Monitor · 12 Nov 2025 |
| KSV Restructuring Inc.Monitorperiod 1 of 9 | the Period | — | — | •••2 people | Claires - Fourth Report of the Monitor · 8 May 2026 |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Cumulative receipts
$2.19M
As at 8 May 2026Claires - Fourth Report of the Monitor dated May 8, 2026
Documents
53 filings
| Date | Document | File |
|---|---|---|
| Letter to Creditors | PDF · Subscribers | |
| Notice of Creditors' Meeting | PDF · Subscribers | |
Endorsement of Justice Cavanagh dated September 14, 2026
| PDF · Subscribers | |
Meeting Order - 6045073 Cananda Inc. - Cavanagh .J - 14-Sep-2026
| PDF · Subscribers | |
Stay Extension and Ancillary Relief order dated September 14, 2026
| PDF · Subscribers | |
| The Proxy (including Instructions for Completion of Proxy) | PDF · Subscribers | |
Service List as at September 11, 2026
| PDF · Subscribers | |
Factum of the Monitor dated September 10, 2026
| PDF · Subscribers | |
Fifth Report of the Monitor dated September 4, 2026
| PDF · Subscribers | |
Motion Record of the Monitor dated September 4, 2026
| PDF · Subscribers | |
Plan of Compromise and Arrangement dated September 4, 2026
| PDF · Subscribers | |
Service List as at September 4, 2026
| PDF · Subscribers | |
| The Resolution | PDF · Subscribers | |
Endorsement of Justice Steele dated May 13, 2026
| PDF · Subscribers | |
Stay Extension and Ancillary Relief Order dated May 13, 2026
| PDF · Subscribers | |
Factum of the Monitor dated May 11, 2026
| PDF · Subscribers | |
Claires - Fourth Report of the Monitor dated May 8, 2026
| PDF · Subscribers | |
Motion Record of the Monitor dated May 8, 2026
| PDF · Subscribers | |
Service List as at February 3, 2026
| PDF · Subscribers | |
| Notice to Claimants | PDF · Subscribers | |
Claims Procedure Order dated November 14, 2025
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated November 14, 2025
| PDF · Subscribers | |
Expansion of Monitor's Powers Order dated November 14, 2025
| PDF · Subscribers | |
| Notice of Dispute of Negative Notice Claim | PDF · Subscribers | |
| Notice of Dispute of Revision or Disallowance | PDF · Subscribers | |
Stay Extension and Ancillary Relief Order dated November 14, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated November 12, 2025 | PDF · Subscribers | |
Third Report of the Monitor dated November 12, 2025
| PDF · Subscribers | |
| Motion Record of the Applicant dated November 7, 2025 | PDF · Subscribers | |
Monitor's Certificate re Lease Assignment dated September 30, 2025
| PDF · Subscribers | |
Monitor's Certificate (Closing and Lease Assignment) dated September 18, 2025
| PDF · Subscribers | |
Approval and Vesting Order dated September 16, 2025
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated September 16, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated September 15, 2025 | PDF · Subscribers | |
Second Report of the Monitor dated September 15, 2025
| PDF · Subscribers | |
| Motion Record of the Applicant dated September 10, 2025 | PDF · Subscribers | |
Amended and Restated Initial Order dated August 15, 2025
| PDF · Subscribers | |
Endorsement of Justice Dietrich dated August 15, 2025
| PDF · Subscribers | |
Liquidation Sale Approval Order dated August 15, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated August 14, 2025 | PDF · Subscribers | |
First Report of the Monitor dated August 14, 2025
| PDF · Subscribers | |
| Motion Record of the Applicant, Claire's Stores Canada Corp. dated August 13, 2025 | PDF · Subscribers | |
Revised CCAA Notice to Creditors dated August 8, 2025
| PDF · Subscribers | |
Application Record dated August 6, 2025
| PDF · Subscribers | |
| D&O Proof of Claim Form | PDF · Subscribers | |
Endorsement of Justice Dietrich dated August 6, 2025
| PDF · Subscribers | |
| Factum of the Applicant dated August 6, 2025 | PDF · Subscribers | |
Initial Order dated August 6, 2025
| PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor dated August 6, 2025
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
| Claimant's Guide to Completing the D&O Proof of Claim Form | PDF · Subscribers | |
| Proof of Claim Instruction Letter | PDF · Subscribers | |
| List of Creditors as at August 4, 2025 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Claire’s Stores Canada Corp.” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 21 September 2026, https://proceedings.ca/case/claire-s-stores-canada-corp