New York City-based Apollo has a long track record in the retailindustry. It is selling the 4,800-store General Nutrition Centersfor $1.65 billion and was a buyer last year in the $1.2-billionpurchase of the Lord & Taylor department-store chain.
"We believe that the increased flexibility available to aprivate company will enable Claire's to capitalize on the manyopportunities before it, both here and abroad," says Peter Copses,a senior partner at Apollo, in a statement, noting that his firm is"committed to Claire's continued growth as a highly successfulglobal specialty retailer."
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