While bankruptcies of familiar retail brands made headlines this past year, you can actually still shop at some of them–JC Penney, Nieman Marcus, Guitar Center. So that’s what this episode of RIP Corp is about: Claire’s, and the wild world of modern retail bankruptcy which kind of exists to help distressed companies avoid total collapse, but is also an increasingly gamed system to help a handful of people stay hella rich.
RIP Corp is a Charts & Leisure production. Find us at ripcorp.biz, or follow us @ripcorpdotbiz on Twitter and Instagram, for all your dead business needs.
RIP Corp is written and hosted by Ingrid Burrington, with research and fact-checking from Matt Giles. Produced by Meghal Janardan and Mike Rugnetta. Original music and sound design from Andrew Atkin and Michael Simonelli. Design and illustration by Beatriz Lozano and Megan Mulholland. Executive produced by Jason Oberholtzer.