Deathwatch: Half of Clinton Cards shops to close
On a day when namesakes Bill Clinton and George Clinton did nothing of note, all of the Clinton limelight is being hogged instead by Clinton Cards, following the sad news that 350 (almost half) of its stores are to be closed by administrators, with the loss of 2,800 jobs.
The entire Birthdays chain, which is owned by Clinton, is to be scrapped as part of the closure programme with administrators Zolfo Cooper saying that “ the business is burdened with an untenable retail estate”.
It remains to be seen whether a buyer can be found for the remainder of the chain, which was thrown into administration after it defaulted on loans to supplier American Greetings earlier in the month.
Clintons Bill and George were unavailable for comment.
TOPICS: High Street News