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Clinton Cards sold to US firm American Greetings | Clinton Cards sold to US firm American Greetings |
(40 minutes later) | |
The remaining 397 Clinton Cards stores have been sold to a US greeting card company, saving 4,500 jobs. | The remaining 397 Clinton Cards stores have been sold to a US greeting card company, saving 4,500 jobs. |
Lakeshore Lending Limited, a subsidiary of American Greetings, has bought the brands and assets of Clintons, administrators Zolfo Cooper said. | Lakeshore Lending Limited, a subsidiary of American Greetings, has bought the brands and assets of Clintons, administrators Zolfo Cooper said. |
Cliinton Cards was placed into administration on 9 May. | |
A week later, Zolfo Cooper announced that 350 out of a total of 784 stores would close, including all of its Birthdays-branded stores. | A week later, Zolfo Cooper announced that 350 out of a total of 784 stores would close, including all of its Birthdays-branded stores. |
The closures were expected to lead to the loss of 3,000 full or part-time jobs, said the administrators. | |
Card maker American Greetings, based in Ohio, has been one of Clinton's largest suppliers. |