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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 in administration on 9 May. 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.