""When I made my commitment on the record, it was a very slim chance that we were going to be able to be where we are today," Sussberg told 9fin. "I am a man of my word.""
""My partner, Alex Schwarzman, was explaining to the court at the very first hearing in the Chapter 11 case that Claire's held a special place in her heart because she got her ears pierced there," Sussberg recalls. "The judge remarked that his daughters also had their ears pierced at Claire's. Ms. Schwarzman responded that so many others have had their ears pierced at Claire's, including me-in 1995 at a Claire's in Florida when I was in high school.""
""At the end of the hearing, I told the judge we pledged to do whatever it takes to help secure a going concern transaction and keep this brand alive," Sussberg says. "And I said I would go so far as to re-pierce my ear if we were able to secure a buyer.""
Joshua Sussberg, a Kirkland & Ellis bankruptcy partner, pledged to have his ear re-pierced if a buyer was found to keep Claire's operations going. After Claire's North American operations were sold to private equity firm Ames Watson, Sussberg had his left ear pierced in the courtroom by a Claire's employee. The pledge followed a Chapter 11 hearing in which colleagues and the judge shared personal Claire's ear-piercing connections, and a 1995 photo showed Sussberg wearing an earring. Sussberg said he made the commitment when chances seemed slim and that he is a man of his word.
Read at ABA Journal
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