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Claire's Accessories under new ownership

Claire's Stores, the US company that owns Claire's Accessories in the UK, has been acquired by New York private equity firm Apollo Management for US$3.1 billion (£1.5bn). Sales at Claire's Accessories rose 8.5% to £153.4 million for the year to January 28 2006, up from £141.2m the previous year, but pre-tax profit fell 97% to £125,000, from £4.6m the year before.

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