Proceedings.

Claire’s Stores Canada Corp.

Follow
Active
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
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Case updates54 dated entries
#Report

Monitor's Fifth Report: the applicant no longer carries on business; with approximately $4,370,000 in hand at August 28, 2026, its remaining work is the claims process and distribution planning ahead of the September 14, 2026 stay expiry.

Source: Fifth Report of the Monitor dated September 4, 2026

#Report

Monitor reported that the sale transaction closed September 18, 2025, that the applicant ceased operations September 23, 2025 after the liquidation sale concluded, and that its remaining directors and officers resigned or were removed November 7, 2025, leaving no employees.

Source: Third Report of the Monitor dated November 12, 2025

#Report

Monitor reported on the period since the comeback hearing: liaison with the restructuring advisor on operations, monitoring of receipts and disbursements, review of weekly cash flow reporting and variance analyses, and responses to stakeholder inquiries.

Source: Second Report of the Monitor dated September 15, 2025

#Report

Monitor reported ahead of the August 15 comeback hearing, describing plans for an orderly liquidation of remaining store inventory using a third-party liquidator and the vacating of those premises, while preserving flexibility to pursue refinancing, sale or restructuring.

Source: First Report of the Monitor dated August 14, 2025

#Filing

Claire's Stores Canada Corp. filed its notice of application dated August 6, 2025 seeking protection under the Companies' Creditors Arrangement Act in the Ontario Superior Court of Justice (Commercial List).

Source: Application Record dated August 6, 2025

#Order

Initial order commenced the CCAA proceeding, appointed KSV Restructuring Inc. as monitor, stayed proceedings to August 15, 2025, and granted an administration charge to a maximum of $400,000 for the monitor, its counsel, the applicant's counsel and the restructuring advisor, plus a directors' charge to a maximum of $2,900,000.

Source: Initial Order dated August 6, 2025

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

JudgeCourtOn this docketCases on record
Justice DietrichOntario Superior Court of Justice4 orders, Aug 2025 – Nov 202589 cases on record
Justice DietrichOntario Superior Court of Justice4 orders, Aug 2025 – Nov 2025109 cases on record
Justice CavanaghOntario Superior Court of Justice3 orders, Sep 2026288 cases on record
Justice SteeleOntario Superior Court of Justice2 orders, May 2026220 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKSVGoodmans LLP3 Feb 2026Factum · 11 May 2026
ApplicantClaire’s Stores Canada Corp.Kirkland & Ellis LLP · Osler, Hoskin & Harcourt LLP6 Aug 2025Service list · 3 Feb 2026
CreditorAWS Claire's LLCBlake, Cassels & Graydon LLP3 Feb 2026Service list · 3 Feb 2026
CreditorBentallGreenOak (Canada) LP and QuadReal Property GroupBlaney McMurtry LLP3 Feb 2026Service list · 3 Feb 2026
CreditorCadillac Fairview CorporationTorys LLP3 Feb 2026Service list · 3 Feb 2026
CreditorClaire's Liquidating TrustKelley Drye & Warren LLP4 Sep 2026Service list · 4 Sep 2026
CreditorCrombie Developments LimitedGardiner Roberts LLP3 Feb 2026Service list · 3 Feb 2026
CreditorHilco CanadaCassels Brock & Blackwell LLP3 Feb 2026Service list · 3 Feb 2026
CreditorMorguard, RioCan, Ivanhoe Cambridge, Salthill and Cushman & WakefieldCamelino Galessiere LLP3 Feb 2026Service list · 3 Feb 2026
CreditorOxford Properties GroupThornton Grout Finnigan LLP3 Feb 2026Service list · 3 Feb 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 1 named without a figure
#Priority classCreditorAmountSource
Court-ordered charges
1Court-ordered chargesDirectors' Charge — Second – Directors’ Charge (to the maximum amount of $2,900,000)$2.9MInitial Order dated August 6, 2025
1Court-ordered chargesAdministration Charge — First – Administration Charge (to the maximum amount of $400,000)$400KInitial Order dated August 6, 2025
Pre-filing debt
8UnsecuredClaire's Stores, Inc.Related party. The Applicant is the sole Canadian operating subsidiary of Claire's Stores, Inc. Stated as 'approximately $71.2 million' owing to Claire's Stores, related primarily to a promissory note payable by the Applicant to an affiliate (understood to have been entered into in connection with the sale of economic rights to IP for the Canadian operations to the Applicant), interest on the promissory note, and merchandise shipments (Applicant records merchandise shipped to Canada as intercompany payables owing to Claire's Stores). Figure is approximate; no balance date stated. — debtor: Cla$71.2MPre-Filing Report of the Proposed Monitor dated August 6, 2025
8UnsecuredGift card holders (aggregate net outstanding liability)Customer program liability. Stated as 'approximately $750,000 of net outstanding liability in respect of gift cards' as at the date of the Pre-Filing Report (August 6, 2025). Document names no individual holders. Applicant intends to honour gift cards until August 15, 2025 and will not sell further gift cards on or after the filing date. — debtor: Claire's Stores Canada Corp. · as of 6 Aug 2025$750KPre-Filing Report of the Proposed Monitor dated August 6, 2025
8UnsecuredLandlords (rent arrears) · in 5 casesThe Applicant did not pay rent to some landlords for June 2025 and to all landlords for July and August 2025. As of the report date it had received 78 default notices and 26 notices of termination (some cured), and landlords had restricted access at 16 retail locations. No total rent-arrears figure is stated. All 120 stores are leased; the Applicant owns no real property. — debtor: Claire's Stores Canada Corp.—Pre-Filing Report of the Proposed Monitor dated August 6, 2025

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

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

NDAs signed

69

Third Report of the Monitor dated November 12, 2025

Letters of intent

5

Third Report of the Monitor dated November 12, 2025

PurchaserPriceStatusSource
unnamedfour Eligible Canadian Leases (the Rejected Stores) · ResidualCo: 6045073 Canada Inc.not statedNot completed30 Sep 2025Third 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$1M USDMonitor received proceeds of US $1 million payable to the Applicant; no total agreement price statedClosedFifth 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$1M USDMonitor receiving proceeds of US $1 million payable to the ApplicantClosed30 Sep 2025Fifth 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: 58–62 % of proven claims. Claire's Liquidating Trust 7–9 %.EstimatedFifth Report of the Monitor · 4 Sep 2026

ClassCreditorClaimsRecoveryBasisSource
UnsecuredAffected Creditors (other than Claire's Liquidating Trust)—58–62 %of proven claims$1.36M – $1.45MEstimatedper the monitorFifth Report of the Monitor · 4 Sep 2026
UnsecuredIntercompany Claims (other than Claire's US Allowed Claim)related party—no distributionUnder the planper the monitorMotion Record of the Monitor · 4 Sep 2026
UnsecuredClaire's Liquidating Trust—7–9 %Estimatedper the monitorFifth Report of the Monitor · 4 Sep 2026
Equity——no distributionUnder the planper the monitorMotion Record of the Monitor · 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

FirmPeriodHoursFeesRatesSource
AlixPartners Restructuring, Inc.Monitorperiod 2 of 21 May – 31 Jul 2026——$679.03stated averageFifth Report of the Monitor · 4 Sep 2026
AlixPartners Restructuring, Inc.Monitorperiod 1 of 2the Period——$679.03stated averageMotion Record of the Monitor · 4 Sep 2026
Goodmans LLPCounsel to the monitorperiod 1 of 21 Nov 2025 – 30 Apr 202698.7$84,663.00ex. tax$857.78stated averageFourth Report of the Monitor · 8 May 2026
4 people — Goodmans LLP, 1 Nov 2025 – 30 Apr 2026
NameYear of callHoursRateFees
Joe Conforti19875.2$1,290stated average—
Christopher Armstrong200838.7$1,111.99stated average—
Tommy Friedlich20230.9$820stated average—
Josh Sloan202453.9$634.19stated average—
Goodmans LLPCounsel to the monitorperiod 1 of 2Relevant Period79$45,356.00ex. tax$620 – $1,2906 peopleMotion Record of the Monitor · 4 Sep 2026
6 people — Goodmans LLP, Relevant Period
NameTitleHoursRateFees
Joe Conforti—0.4$1,290$516.00
Christopher Armstrong—3.7$1,200$4,440.00
Christopher Armstrong—21.8$1,070$23,326.00
Tommy Friedlich—0.9$820$738.00
Josh Sloan—2.6$710$1,846.00
Josh Sloan—34.7$620$21,514.00
Goodmans LLPCounselfirm not named in the headingthe Relevant Period98.7—$634.19 – $1,2904 peopleClaires - Fourth Report of the Monitor · 8 May 2026
4 people — Goodmans LLP, the Relevant Period
NameYear of callHoursRateFees
Joe Conforti19875.2$1,290—
Chris Armstrong200838.7$1,111.99—
Tommy Friedlich20230.9$820—
Josh Sloan202453.9$634.19—
KSV Restructuring Inc.Monitorperiod 9 of 91 Dec 2025 – 30 Apr 2026——$577.83stated averageFourth Report of the Monitor · 8 May 2026
2 people — KSV Restructuring Inc., 1 Dec 2025 – 30 Apr 2026
NameTitleHoursRateFees
Mitch VininskyOverall responsibilityManaging Director101.2$850$90,250.00
Noah GoldsteinOverall responsibilityManaging Director38.9$850 – $950$35,655.00
KSV Restructuring Inc.Monitorperiod 9 of 91 Apr – 30 Apr 2026—$56,097.25ex. tax$600 – $9504 peopleFourth Report of the Monitor · 8 May 2026
4 people — KSV Restructuring Inc., 1 Apr – 30 Apr 2026
NameTitleHoursRateFees
Mitch VininskyOverall responsibility—13.7$950$13,015.00
Noah GoldsteinOverall responsibility—7$950$6,650.00
Dean PerlmanAll aspects of the mandate—46.6$650$30,290.00
Martin KosicAll aspects of the mandate—7.05$600$4,230.00
Administrative and Other—7.9—$1,912.25
KSV Restructuring Inc.Monitorperiod 9 of 91 Nov 2025 – 30 Apr 2026Approved——$577.83stated averageMotion Record of the Monitor · 8 May 2026
KSV Restructuring Inc.Monitorperiod 6 of 91 Mar – 31 Mar 2026—$76,845.25ex. tax$600 – $9504 peopleFourth Report of the Monitor · 8 May 2026
4 people — KSV Restructuring Inc., 1 Mar – 31 Mar 2026
NameTitleHoursRateFees
Mitch VininskyOverall responsibility—10$950$9,500.00
Noah GoldsteinOverall responsibility—7$950$6,650.00
Dean PerlmanAll aspects of the mandate—69.9$650$45,435.00
Martin KosicAll aspects of the mandate—22.5$600$13,500.00
Administrative and Other—7.35—$1,760.25
KSV Restructuring Inc.Monitorperiod 5 of 91 Feb – 28 Feb 2026—$77,058.25ex. tax$600 – $9504 peopleFourth Report of the Monitor · 8 May 2026
4 people — KSV Restructuring Inc., 1 Feb – 28 Feb 2026
NameTitleHoursRateFees
Mitch VininskyOverall responsibility—8.2$950$7,790.00
Noah GoldsteinOverall responsibility—8$950$7,600.00
Dean PerlmanAll aspects of the mandate—62.1$650$40,365.00
Martin KosicAll aspects of the mandate—22.5$600$13,375.00
Administrative and Other—36.6—$7,928.25
KSV Restructuring Inc.Monitorperiod 4 of 91 Jan – 31 Jan 2026—$48,281.00ex. tax$600 – $9504 peopleFourth Report of the Monitor · 8 May 2026
4 people — KSV Restructuring Inc., 1 Jan – 31 Jan 2026
NameTitleHoursRateFees
Mitch VininskyOverall responsibility—10.4$950$9,880.00
Noah GoldsteinOverall responsibility—3.9$950$3,705.00
Dean PerlmanAll aspects of the mandate—17.2$650$11,180.00
Martin KosicAll aspects of the mandate—30$600$18,000.00
Administrative and Other—20.2—$5,516.00
KSV Restructuring Inc.Monitorperiod 3 of 91 Dec – 31 Dec 2025—$87,564.25ex. tax$500 – $8504 peopleFourth Report of the Monitor · 8 May 2026
4 people — KSV Restructuring Inc., 1 Dec – 31 Dec 2025
NameTitleHoursRateFees
Mitch VininskyOverall responsibility—24.6$850$20,910.00
Noah GoldsteinOverall responsibility—5$850$4,250.00
Dean PerlmanAll aspects of the mandate—44.1$600$26,460.00
Martin KosicAll aspects of the mandate—24.25$500$12,125.00
Administrative and Other—95.25—$23,819.25
KSV Restructuring Inc.Monitorperiod 1 of 91 Aug – 31 Oct 2025——$677.22stated averageThird Report of the Monitor · 12 Nov 2025
KSV Restructuring Inc.Monitorperiod 1 of 9the Period——$577.83stated averageClaires - Fourth Report of the Monitor · 8 May 2026
2 people — KSV Restructuring Inc., the Period
NameTitleHoursRateFees
Mitch VininskyOverall responsibilityManaging Director101.2$850 – $950$90,250.00
Noah GoldsteinOverall responsibilityManaging Director38.9$850 – $950$35,655.00

Top rate $950 · 20th percentile of monitor rates, 2026 · of 31

Estate financialsReported figures — never derived
Total liabilities at filing$5M

As at 6 Aug 2025 · per Grounds for CCAA application / Affidavit of Suzanne Stoddard - 'the claims against the Applicant exceed $5 million' (jurisdictional recitation; floor only, operative word 'exceed') · Entity - Claire's Stores Canada Corp. (the Applicant), the lone Canadian subsidiary of Claire's Stores, Inc.; the Applicant is not a Chapter 11 debtor — Floor only - actual total not stated on the pages present. The affidavit's detailed 'Financial Position of the Applicant' section (Financial Statements, Assets, Liabilities, Secured Indebtedness, PPSA Registrations - affidavit internal pp. 23-26) and the financial-statement exhibits (Exhibit C consolidated audited financials of Claire's Holdings LLC and Claire's Stores, Inc. for FY ending Feb 3, 2024, indexed at p.74; Exhibit D internal unaudited balance sheet and fiscal YTD income statement of the Applicant for the period ended June 30, 2025, indexed at p.159) are all indexed at pages beyond

Cumulative receipts

$2.19M

As at 8 May 2026Claires - Fourth Report of the Monitor dated May 8, 2026

Cumulative disbursements

$2.91M

As at 8 May 2026Claires - Fourth Report of the Monitor dated May 8, 2026

Cash on hand

$4.37M

As at 4 Sep 2026Fifth Report of the Monitor dated September 4, 2026

Professional fees to date

$421K

As at 8 May 2026Claires - Fourth Report of the Monitor dated May 8, 2026

Documents
53 filings
DateDocumentFile
Letter to CreditorsPDF
Notice of Creditors' MeetingPDF
Endorsement of Justice Cavanagh dated September 14, 2026
  • Presiding officer Justice Cavanagh
PDF
Meeting Order - 6045073 Cananda Inc. - Cavanagh .J - 14-Sep-2026
  • Presiding officer Justice Cavanagh
PDF
Stay Extension and Ancillary Relief order dated September 14, 2026
  • Counsel Ontario STAY EXTENSION AND ANCILLARY RELIEF ORDER GOODMANS LLP
  • Presiding officer Justice Cavanagh
PDF
The Proxy (including Instructions for Completion of Proxy)PDF
Service List as at September 11, 2026
  • Counsel Blake, Cassels & Graydon LLP
PDF
Factum of the Monitor dated September 10, 2026
  • Counsel Goodmans LLP
PDF
Fifth Report of the Monitor dated September 4, 2026
  • Cash on hand $4.37M · Note: Positive variance of approximately $280,000 vs. forecast, largely due to timing differences in professional fees · As at: 2026-08-28 · Qualifier: approximately
  • Closing confirmed Closed · 18 Sep 2025 · Claire's Essentials Canada Corp.; Closed · 30 Sep 2025 · Claire's Essentials Canada Corp.
  • Fee schedule Engagements: Form: report_table · Rows: · Money: Approximate: false · Period: End: 2026-07-31 · Kind: invoice · Label: the Period · Quote: Schedule of Professionals' Time and Rates For the Period from May 1, 2026 to July 31, 2026 · Start: 2026-05-01 · Approval: State: unstated · Averages: the Monitor's average hourly rate for the Period · Currency: · Invoices: · Firm text: AlixPartners Restructuring, Inc. · Firm quote: AlixPartners Restructuring, Inc. 1 (formerly KSV Restructuring Inc.) ( ' AlixPartners ' ) was appointed monitor of the Applicant · Context quote: AlixPartners Restructuring, Inc. 1 (formerly KSV Restructuring Inc.) ( ' AlixPartners ' ) was appointed monitor of the Applicant (in such capacity, the ' Monitor ' ); Form: report_table · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: the Relevant Period · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Goodmans · Firm quote: Goodmans expended a total of 79 hours in connection with this matter during the Relevant Period, at an average hourly rate of $888.44 · Hours total: Quote: Goodmans expended a total of 79 hours in connection with this matter during the Relevant Period · Value: 79 · Context quote: As shown in the summary, Goodmans expended a total of 79 hours in connection with this matter during the Relevant Period, at an average hourly rate of $888.44.
  • Operational summary The Applicant has completed the sale of substantially all its assets and no longer carries on any business, with its remaining activities limited to wind-down matters such as the claims process and distribution planning.
  • + 6 more extracted facts
PDF
Motion Record of the Monitor dated September 4, 2026
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: the Period · Quote: the Monitor's average hourly rate for the Period was $679.03 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: AlixPartners Restructuring Inc. · Firm quote: AlixPartners Restructuring Inc. (formerly KSV Restructuring Inc.), in its capacity as Monitor · Context quote: in its capacity as Monitor; Form: prose · Rows: · Money: Approximate: false · Period: Kind: unstated · Label: Relevant Period · Quote: during the Relevant Period, at an average hourly rate of $888.44 · Approval: State: unstated · Averages: — · Currency: · Invoices: · Firm text: Goodmans · Firm quote: Goodmans expended a total of 79 hours in connection with this matter during the Relevant Period, at an average hourly rate of $888.44 · Hours total: Quote: Goodmans expended a total of 79 hours in connection with this matter during the Relevant Period · Value: 79 · Context quote: Lawyers for the Monitor Applicant
  • Recovery outcome Entries: per plan; per plan; per plan; per plan · Stated on: 2026-09-04 · Table missing: A comparison of estimated distributions pursuant to the Plan versus estimated straight pro rata distributions in a bankruptcy is set out below:
PDF
Plan of Compromise and Arrangement dated September 4, 2026PDF
Service List as at September 4, 2026
  • Counsel Blaney McMurtry LLP
PDF
The ResolutionPDF
Endorsement of Justice Steele dated May 13, 2026
  • Presiding officer Justice Steele
PDF
Stay Extension and Ancillary Relief Order dated May 13, 2026
  • Counsel Goodmans LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names 6045073 Canada Inc.
  • Monitor KSV Restructuring Inc.
  • + 5 more extracted facts
PDF
Factum of the Monitor dated May 11, 2026
  • Counsel Goodmans LLP
PDF
Claires - Fourth Report of the Monitor dated May 8, 2026
  • Cash on hand $4.6M · Qualifier: approximately
  • Closing confirmed Closed · 18 Sep 2025 · Claire's Essentials Canada Corp.
  • Disbursements $2.91M · Note: 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
  • Fee schedule Engagements: 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: $11.4K · Label: HST · Quote: HST 11,407.64 · Fees: $87.6K · Quote: Total Fees | | | | 87,564.25 · Total: $99.2K · Quote: Total Due 99,158.70 · includes tax · includes disbursements · Approximate: false · Disbursements: $187 · Quote: Postage and photocopies | | | | 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: $6.28K · Label: HST · Quote: HST | 6,276.85 · Fees: $48.3K · Quote: Total Fees | | | | 48,281.00 · Total: $54.6K · Quote: Total Due | 54,560.31 · includes tax · includes disbursements · Approximate: false · Disbursements: $2 · Quote: Add: out-of-pocket disbursements (postage) | | | | 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: $10K · Label: HST · Quote: HST | 10,017.57 · Fees: $77.1K · Quote: Fees and Disbursements | $ 77,058.25 · Total: $87.1K · Quote: Total Due | 87,075.82 · includes tax · 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: $9.99K · Label: HST · Quote: HST | 9,990.52 · Fees: $76.8K · Quote: Total Fees | | | | 76,845.25 · Total: $86.8K · Quote: Total Due | 86,840.69 · includes tax · includes disbursements · Approximate: false · Disbursements: $5 · Quote: Add: out-of-pocket disbursements (postage) | | | | 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: $7.29K · Label: HST · Quote: HST | 7,293.68 · Fees: $56.1K · Quote: Total Fees | | | | 56,097.25 · Total: $63.4K · Quote: Total Due | 63,398.91 · includes tax · includes disbursements · Approximate: false · Disbursements: $8 · Quote: Add: out-of-pocket disbursements (postage) | | | | 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: 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: $11K · Label: Taxes · Quote: TOTAL | TOTAL | 84,663.00 | 101.50 | 11,019.39 · Fees: $84.7K · Quote: TOTAL | TOTAL | 84,663.00 · Total: $95.8K · Quote: TOTAL | TOTAL | 84,663.00 | 101.50 | 11,019.39 | 95,783.89 · includes tax · includes disbursements · Approximate: false · Disbursements: $102 · Quote: TOTAL | TOTAL | 84,663.00 | 101.50 · 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: $5.9K · Label: ON HST @ 13.0% · Quote: ON HST @ 13.0% | ON HST @ 13.0% | | $5,896.28 · Fees: $45.4K · Quote: Total Fees On This Invoice | Total Fees On This Invoice | | $45,356.00 · Approximate: false · Disbursements: $102 · Quote: Taxable Disbursements | Taxable Disbursements | $101.50 · 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: $16.7K · Quote: Total On This Invoice (CAD) | | | $16,666.37 · includes tax · 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: 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
  • + 8 more extracted facts
PDF
Motion Record of the Monitor dated May 8, 2026
  • Fee schedule Engagements: Form: prose · Rows: · Money: Approximate: false · Period: End: 2026-04-30 · Kind: unstated · Quote: the fees and disbursements of the Monitor for the period from November 1, 2025 to April 30, 2026 · Start: 2025-11-01 · Approval: Quote: THIS COURT ORDERS that the fees and disbursements of the Monitor for the period from November 1, 2025 to April 30, 2026, as set forth in the KSV Fee Affidavit, are hereby approved. · State: approved · Averages: — · Currency: · Invoices: · Firm text: KSV Restructuring Inc. · Firm quote: appointed KSV as Monitor · Context quote: As reflected on Exhibit 'B', the Monitor's average hourly rate for the Period was $577.83.; Form: prose · Rows: · Money: Approximate: false · Period: End: 2026-04-30 · Kind: unstated · Label: Relevant Period · Quote: for the period from November 1, 2025, to April 30, 2026 · Start: 2025-11-01 · Approval: Quote: THIS COURT ORDERS that the fees and disbursements of the Monitor's counsel, Goodmans LLP, for the period from November 1, 2025, to April 30, 2026, as set forth in the Goodmans Fee Affidavit, are hereby approved. · State: unstated · Averages: — · Currency: · Invoices: · Firm text: Goodmans LLP · Firm quote: the Monitor's counsel, Goodmans LLP · Hours total: Quote: Goodmans expended a total of 98.7 hours in connection with this matter during the Relevant Period · 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.
PDF
Service List as at February 3, 2026
  • Counsel Gardiner Roberts LLP
PDF
Notice to ClaimantsPDF
Claims Procedure Order dated November 14, 2025
  • Claims bar date 18 February 2026
  • Order date 14 November 2025
  • Presiding officer Justice J. Dietrich
PDF
Endorsement of Justice Dietrich dated November 14, 2025
  • Presiding officer Justice Dietrich
PDF
Expansion of Monitor's Powers Order dated November 14, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names 6045073 Canada Inc.
  • Monitor KSV Restructuring Inc.
  • + 3 more extracted facts
PDF
Notice of Dispute of Negative Notice ClaimPDF
Notice of Dispute of Revision or DisallowancePDF
Stay Extension and Ancillary Relief Order dated November 14, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names 6045073 Canada Inc.
  • Monitor KSV Restructuring Inc.
  • + 5 more extracted facts
PDF
Factum of the Applicant dated November 12, 2025PDF
Third Report of the Monitor dated November 12, 2025
  • Cash on hand $4.7M · Note: approximately
  • Closing confirmed Closed · 18 Sep 2025 · Claire's Essentials Canada Corp.; Closed · 30 Sep 2025 · Claire's Essentials Canada Corp.; Did not complete · 30 Sep 2025
  • Commencement date 6 August 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • + 16 more extracted facts
PDF
Motion Record of the Applicant dated November 7, 2025PDF
Monitor's Certificate re Lease Assignment dated September 30, 2025
  • Closing confirmed Closed · date not stated · Claire's Essentials Canada Corp.
PDF
Monitor's Certificate (Closing and Lease Assignment) dated September 18, 2025
  • Closing confirmed Closed · 18 Sep 2025 · Claire's Essentials Canada Corp.
PDF
Approval and Vesting Order dated September 16, 2025
  • Order date 16 September 2025
  • Residualco 6045073 Canada Inc.
PDF
Endorsement of Justice Dietrich dated September 16, 2025
  • Presiding officer Justice Dietrich
PDF
Factum of the Applicant dated September 15, 2025PDF
Second Report of the Monitor dated September 15, 2025
  • Cash on hand $5.49M
  • Commencement date 6 August 2025
  • Court Ontario Superior Court of Justice (Commercial List)
  • Court file no CV-25-00748871-00CL
  • + 7 more extracted facts
PDF
Motion Record of the Applicant dated September 10, 2025PDF
Amended and Restated Initial Order dated August 15, 2025
  • Order date 15 August 2025
  • Stay expiry 14 November 2025
PDF
Endorsement of Justice Dietrich dated August 15, 2025
  • Presiding officer Justice Dietrich
PDF
Liquidation Sale Approval Order dated August 15, 2025
  • Counsel Osler, Hoskin & Harcourt LLP
  • Court Ontario Superior Court of Justice (Commercial List)
  • Debtor names Claire's Stores Canada Corp.
  • Monitor KSV Restructuring Inc.
  • + 5 more extracted facts
PDF
Factum of the Applicant dated August 14, 2025PDF
First Report of the Monitor dated August 14, 2025
  • Cash on hand $2.3M
  • Operational summary The Applicant is planning to conduct an orderly liquidation of its remaining inventory at its store locations, with the assistance of a third-party liquidator, and to vacate those premises, while maintaining flexibility to consider alternative options including refinancing, sale or restructuring.
  • Professional fees $1.45M
  • Receipts cumulative $10.2M
  • + 4 more extracted facts
PDF
Motion Record of the Applicant, Claire's Stores Canada Corp. dated August 13, 2025PDF
Revised CCAA Notice to Creditors dated August 8, 2025PDF
Application Record dated August 6, 2025
  • Applicant Claire's Stores Canada Corp.
  • Commencement date 6 August 2025
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Financial position Liabilities $5M · as at 6 Aug 2025 · per Grounds for CCAA application / Affidavit of Suzanne Stoddard - 'the claims against the Applicant exceed $5 million' (jurisdictional recitation; floor only, operative word 'exceed') · Entity - Claire's Stores Canada Corp. (the Applicant), the lone Canadian subsidiary of Claire's Stores, Inc.; the Applicant is not a Chapter 11 debtor — Floor only - actual total not stated on the pages present. The affidavit's detailed 'Financial Position of the Applicant' section (Financial Statements, Assets, Liabilities, Secured Indebtedness, PPSA Registrations - affidavit internal pp. 23-26) and the financial-statement exhibits (Exhibit C consolidated audited financials of Claire's Holdings LLC and Claire's Stores, Inc. for FY ending Feb 3, 2024, indexed at p.74; Exhibit D internal unaudited balance sheet and fiscal YTD income statement of the Applicant for the period ended June 30, 2025, indexed at p.159) are all indexed at pages beyond those present in this PDF, which ends at affidavit internal p.21 (banking/cash-management) - the secured-indebtedness and liabilities detail is not included. Applicant states it is insolvent and unable to satisfy obligations as they come due, has realized significant net losses June 2024-Aug 2025, and contributes negative EBITDA margin. Court-ordered priority charges SOUGHT in the proposed Initial Order (prospective, not existing pre-filing debt): Administration Charge to a maximum of $400,000; Directors' Charge to a maximum of $2.9 million. All monetary amounts in the affidavit are in Canadian dollars unless noted otherwise.
  • + 1 more extracted fact
PDF
D&O Proof of Claim FormPDF
Endorsement of Justice Dietrich dated August 6, 2025
  • Presiding officer Justice Dietrich
PDF
Factum of the Applicant dated August 6, 2025PDF
Initial Order dated August 6, 2025
  • Applicant Claire's Stores Canada Corp.
  • Appointee KSV Restructuring Inc.
  • Appointee role Monitor
  • Charges Administration Charge $400K; Directors' Charge $2.9M
  • + 10 more extracted facts
PDF
Pre-Filing Report of the Proposed Monitor dated August 6, 2025
  • Financial position per Pre-Filing Report of proposed Monitor (KSV); unaudited; no balance sheet / statement of financial position presented · entity - Claire's Stores Canada Corp. (sole Canadian operating subsidiary of Claire's Stores, Inc.) — The Applicant states it 'does not have any secured debt and is not a borrower or guarantor under the Company's prepetition credit facilities' (page 8) - hence secured_creditors is an empty array. No total assets or total liabilities are stated. The Applicant reports net losses for the year-to-date period ending June 30, 2025 of US$5.8 million (page 8). It has a material intercompany payable of approximately $71.2 million owing to Claire's Stores, Inc. (page 8) and holds approximately $3.8 million in its accounts per the cash flow forecast (page 8).
  • Secured creditors
  • Unsecured creditors per Pre-Filing Report - rent arrears described; no aggregate amount stated — The Applicant did not pay rent to some landlords for June 2025 and to all landlords for July and August 2025. As of the report date it had received 78 default notices and 26 notices of termination (some cured), and landlords had restricted access at 16 retail locations. No total rent-arrears figure is stated. All 120 stores are leased; the Applicant owns no real property.
PDF
Proof of Claim FormPDF
Claimant's Guide to Completing the D&O Proof of Claim FormPDF
Proof of Claim Instruction LetterPDF
List of Creditors as at August 4, 2025PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Claire’s Stores Canada Corp.” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/claire-s-stores-canada-corp

Recently updated

1281805 B.C. Ltd.

British Columbia · NOI

18 Sep 2026

Collection Tuff Avenue Inc.

Quebec · Bankruptcy

18 Sep 2026

6511 Sussex Heights Development Ltd. ("Highline Metrotown") and Minoru View Homes Ltd. ("Minoru Square") et al.

British Columbia · Receivership (court-appointed)

18 Sep 2026

177 Cross Argus Development Inc.

Ontario · NOI

18 Sep 2026

Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/claire-s-stores-canada-corp

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.