Ontario · CCAA
Claires - Fourth Report of the Monitor dated May 8, 2026
Court officer report · 8 May 2026
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What we verified from this filing18 verified
- report date8 May 2026
- report noFourth Report
- operational summaryUp until the closing of the Sale Transaction, the Applicant operated a retail business in Canada which sold jewelry and fashion accessories and offered ear-piercing services for tweens, teens and young girls.
- cash on handamount: 4600000 · currency: CAD · qualifier: approximately
- professional feesamount: 1599000 · currency: CAD
- receipts cumulativeamount: 2193000 · currency: CAD
- cash on handnote: Table shows closing cash balance of $4,628 (000s) as of May 1, 2026 · as at: 2026-05-01 · amount: 4600000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Sale Transaction · outcome: completed · effective: 2025-09-18 · purchaser: Claire's Essentials Canada Corp. · date basis: stated · approval order date: 2025-09-16
- disbursementsnote: Actual total disbursements for the 27-week period ended May 1, 2026, per Cash Flow Forecast vs. Actual comparison table (figures in $000s) · since: October 24, 2025 · amount: 2913000 · currency: CAD
- fee scheduleengagements: form: time_summary · rows: Mitch Vininsky; Noah Goldstein; Dean Perlman; Martin Kosic; fees: 23819.25 · hours: 95.25 · quote: Administrative and Other | | | 95.25 | 23,819.25 · row kind: bucket · rate kind: standard · name as stated: Administrative and Other · money: tax: label: HST · quote: HST 11,407.64 · amount: 11407.64 · fees: quote: Total Fees | | | | 87,564.25 · amount: 87564.25 · total: quote: Total Due 99,158.70 · amount: 99158.7 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Postage and photocopies | | | | 186.81 · amount: 186.81 · period: end: 2025-12-31 · kind: invoice · quote: For the Period December 1 to December 31, 2025 · start: 2025-12-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Fourth Report of KSV Restructuring Inc. as CCAA Monitor of 6045073 Canada Inc. · context quote: Fourth Report of KSV Restructuring Inc. as CCAA Monitor of 6045073 Canada Inc. (formerly Claire's Stores Canada Corp.); form: time_summary · rows: Mitch Vininsky; Noah Goldstein; Dean Perlman; Martin Kosic; fees: 5516 · hours: 20.2 · quote: Administrative and Other | | | 20.20 | 5,516.00 · row kind: bucket · rate kind: standard · name as stated: Administrative and Other · money: tax: label: HST · quote: HST | 6,276.85 · amount: 6276.85 · fees: quote: Total Fees | | | | 48,281.00 · amount: 48281 · total: quote: Total Due | 54,560.31 · amount: 54560.31 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out-of-pocket disbursements (postage) | | | | 2.46 · amount: 2.46 · period: end: 2026-01-31 · kind: invoice · quote: For the period January 1 to January 31, 2026 · start: 2026-01-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. 6045073 Canada Inc. (f/k/a Claire's Stores Canada Corp.) · context quote: 6045073 Canada Inc. (formerly Claire's Stores Canada Corp.); form: time_summary · rows: Mitch Vininsky; Noah Goldstein; Dean Perlman; Martin Kosic; fees: 7928.25 · hours: 36.6 · quote: Administrative and Other | | | 36.60 | 7,928.25 · row kind: bucket · rate kind: standard · name as stated: Administrative and Other · money: tax: label: HST · quote: HST | 10,017.57 · amount: 10017.57 · fees: quote: Fees and Disbursements | $ 77,058.25 · amount: 77058.25 · total: quote: Total Due | 87,075.82 · amount: 87075.82 · includes tax: true · approximate: false · period: end: 2026-02-28 · kind: invoice · quote: For the period February 1 to February 28, 2026 · start: 2026-02-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. 6045073 Canada Inc. (f/k/a Claire's Stores Canada Corp.) · context quote: 6045073 Canada Inc. (formerly Claire's Stores Canada Corp.); form: time_summary · rows: Mitch Vininsky; Noah Goldstein; Dean Perlman; Martin Kosic; fees: 1760.25 · hours: 7.35 · quote: Administrative and Other | | | 7.35 | 1,760.25 · row kind: bucket · rate kind: standard · name as stated: Administrative and Other · money: tax: label: HST · quote: HST | 9,990.52 · amount: 9990.52 · fees: quote: Total Fees | | | | 76,845.25 · amount: 76845.25 · total: quote: Total Due | 86,840.69 · amount: 86840.69 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out-of-pocket disbursements (postage) | | | | 4.92 · amount: 4.92 · period: end: 2026-03-31 · kind: invoice · quote: For the period March 1 to March 31, 2026 · start: 2026-03-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. 6045073 Canada Inc. (f/k/a Claire's Stores Canada Corp.) · context quote: 6045073 Canada Inc. (formerly Claire's Stores Canada Corp.); form: time_summary · rows: Noah Goldstein; Mitch Vininsky; Dean Perlman; Martin Kosic; fees: 1912.25 · hours: 7.9 · quote: Administrative and Other | | | 7.90 | 1,912.25 · row kind: bucket · rate kind: standard · name as stated: Administrative and Other · money: tax: label: HST · quote: HST | 7,293.68 · amount: 7293.68 · fees: quote: Total Fees | | | | 56,097.25 · amount: 56097.25 · total: quote: Total Due | 63,398.91 · amount: 63398.91 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out-of-pocket disbursements (postage) | | | | 7.98 · amount: 7.98 · period: end: 2026-04-30 · kind: invoice · quote: For the period April 1 to 30, 2026 · start: 2026-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. 6045073 Canada Inc. (f/k/a Claire's Stores Canada Corp.) · context quote: 6045073 Canada Inc. (formerly Claire's Stores Canada Corp.); form: level_summary · rows: Mitch Vininsky; Noah Goldstein · money: approximate: false · period: kind: cumulative · label: the Period · quote: the Monitor's average hourly rate for the Period was $577.83 · approval: state: unstated · averages: rate: 577.83 · quote: the Monitor's average hourly rate for the Period was $577.83 · scope: the Monitor's average hourly rate for the Period · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: This is Exhibit 'B' referred to in the Affidavit of Mitch Vininsky · context quote: As reflected on Exhibit 'B', the Monitor's average hourly rate for the Period was $577.83.; form: invoice_listing · rows: · money: tax: label: Taxes · quote: TOTAL | TOTAL | 84,663.00 | 101.50 | 11,019.39 · amount: 11019.39 · fees: quote: TOTAL | TOTAL | 84,663.00 · amount: 84663 · total: quote: TOTAL | TOTAL | 84,663.00 | 101.50 | 11,019.39 | 95,783.89 · amount: 95783.89 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: TOTAL | TOTAL | 84,663.00 | 101.50 · amount: 101.5 · period: kind: cumulative · label: the Applicable Period · quote: Summary of Goodmans LLP Accounts for the Applicable Period · approval: state: unstated · averages: · currency: code: CAD · quote: Total On This Invoice (CAD) · invoices: tax: 5909.48 · date: 2025-12-04 · fees: 45356 · quote: December 4, 2025 | November 01, 2025 to November 28, 2025 | 45,356.00 | 101.50 | 5,909.48 | 51,366.98 · total: 51366.98 · period end: 2025-11-28 · period start: 2025-11-01 · disbursements: 101.5; tax: 2279.42 · date: 2026-01-08 · fees: 17534 · quote: January 8, 2026 | November 28, 2025 to December 30, 2025 | 17,534.00 | - | 2,279.42 | 19,813.42 · total: 19813.42 · period end: 2025-12-30 · period start: 2025-11-28; tax: 913.12 · date: 2026-03-16 · fees: 7024 · quote: March 16, 2026 | January 05, 2026 to February 27, 2026 | 7,024.00 | - | 913.12 | 7,937.12 · total: 7937.12 · period end: 2026-02-27 · period start: 2026-01-05; tax: 1917.37 · date: 2026-05-04 · fees: 14749 · quote: May 4, 2026 | March 04, 2026 to April 30, 2026 | 14,749.00 | - | 1,917.37 | 16,666.37 · total: 16666.37 · period end: 2026-04-30 · period start: 2026-03-04 · firm text: Goodmans LLP · firm quote: THIS IS OUR ACCOUNT HEREIN GOODMANS LLP · context quote: Summary of Goodmans LLP Accounts for the Applicable Period; form: time_summary · rows: Chris Armstrong; Joe Conforti; Josh Sloan · money: tax: label: ON HST @ 13.0% · quote: ON HST @ 13.0% | ON HST @ 13.0% | | $5,896.28 · amount: 5896.28 · fees: quote: Total Fees On This Invoice | Total Fees On This Invoice | | $45,356.00 · amount: 45356 · approximate: false · disbursements: quote: Taxable Disbursements | Taxable Disbursements | $101.50 · amount: 101.5 · period: kind: invoice · quote: Invoice No. | 842787 | | Page 4 · approval: state: unstated · averages: · currency: · invoices: · firm text: Goodmans LLP · firm quote: THIS IS OUR ACCOUNT HEREIN GOODMANS LLP · context quote: Total Fees On This Invoice | Total Fees On This Invoice | | $45,356.00; form: time_summary · rows: Chris Armstrong; Josh Sloan · money: total: quote: Total On This Invoice (CAD) | | | $16,666.37 · amount: 16666.37 · includes tax: true · approximate: false · period: kind: invoice · quote: Our File No. | 850460 | | KVSX 252212 · approval: state: unstated · averages: · currency: code: CAD · quote: Total On This Invoice (CAD) | | | $16,666.37 · invoices: · firm text: Goodmans LLP · firm quote: THIS IS OUR ACCOUNT HEREIN GOODMANS LLP · context quote: Total Fees On This Invoice | HST @ 13.0% | | $14,749.00; form: level_summary · rows: Josh Sloan; Chris Armstrong; Joe Conforti; Tommy Friedlich · money: approximate: false · period: kind: cumulative · label: the Relevant Period · quote: Goodmans expended a total of 98.7 hours in connection with this matter during the Relevant Period · approval: state: unstated · averages: rate: 857.78 · quote: Average Hourly Rate ($ Billed / Hours Billed) | 857.78 · scope: weighted average for the entire billing period · currency: · invoices: · firm text: Goodmans LLP · firm quote: KSV Advisory Inc. Summary of Activity by Goodmans LLP Professionals · hours total: quote: 98.70 Total Hours · value: 98.7 · context quote: As shown in the summary, Goodmans expended a total of 98.7 hours in connection with this matter during the Relevant Period, at an average hourly rate of $857.78. · firm unverified: true
- operational summaryThe Applicant ceased retail operations following the sale transaction and has no employees or directors/officers remaining; the Monitor is administering the claims process, WEPPA matters, and preparing a plan of arrangement while winding down the estate.
- professional feesnote: Excludes HST; Goodmans LLP fees and disbursements for the same period totaled $84,764.50, excluding HST · party: KSV Restructuring Inc. (Monitor) · amount: 420801.75 · period: November 1, 2025 to April 30, 2026 · currency: CAD
- purchaserAWS Claire's LLC
- receipts cumulativenote: Actual receipts for the 27-week period ended May 1, 2026, per Cash Flow Forecast vs. Actual comparison table (figures in $000s) · since: October 24, 2025 · amount: 2193000 · currency: CAD
- report date8 May 2026
- report noFourth Report
- sale advisorHilco Merchant Retail Solutions, ULC, Gordon Brothers Canada ULC, and SB360 Capital Partners, LLC
- sale outcometext: Sale Transaction closed on September 18, 2025 · scope: whole_business · status: closed