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Hoffman Estates, Ill. — Claire’s Stores, Inc. has successfully completed its financial restructuring and emerged from Chapter 11 as the company’s court-confirmed plan of reorganization went into effect on October 12, 2018. With support from its creditors and stakeholders, the company has eliminated approximately $1.9 billion of debt from its balance sheet and gained access to $575 million in new capital.

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Charlotte, N.C. — Diversey, a customer-centric global leader in the hygiene and cleaning industry, plans a transition of executive responsibilities. Dr. Ilham Kadri will resign from her position as Diversey’s chief executive officer, effective December 31, 2018, to take another executive role, which will be separately announced. In the interim, Dr. Kadri will concentrate on strategic areas needed to ensure a smooth transition.

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Dallas — CEC Entertainment, Inc., a nationally recognized leader in family dining and entertainment, has appointed Mahesh Sadarangani to president of Peter Piper Pizza, effective immediately. Sadarangani joins a strong and tenured leadership team, which includes operations led by Mark Eastham and finance led by Rex Moffett. In this role, he will oversee strategic business development and growth.

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