Claire's Inc. Withdraws Initial Public Offering

By Caitlin Huston Markets MarketWatch Pulse

Claire's Inc., a teen retailer of accessories and cosmetics, withdrew its initial public offering Tuesday. The company, owned by equity firm Apollo Global Management, did not give a reason other than it "decided not to proceed with the offering at this time." The company had filed to go public in May 2013. Neiman Marcus, another retailer, withdrew its IPO in early January.

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