Tween jewelry chain Claire's has been liquidating its locations since filing for Chapter 11 bankruptcy, but now up to 950 of them could be saved.

Liquidation of hundreds of stores has been halted after private equity firm Amos Watson appeared on the scene.

For loyal fans, this acquisition is a second chance for Claire's to reinvent itself and continue its legacy. However, it still raises the question of why anyone would willingly invest in a dying business after the retailer has filed for bankruptcy twice.