Clinton Cards to close a further 17 stores
Administrators for the Clinton Cards and Birthdays chain have confirmed that a further 17 stores will close by the end of the week.
The greeting cards retailer went into administration in May after its supplier American Greetings Corporation bought its £35 milllion debt from its lenders and demanded immediate repayment.
Following the administration American Greetings bought 397 stores which left the remaining 330 under the control of the administrators. A total of 212 stores were closed by the administrators in June and yesterday they announced the closure of an additional 17 stores.
In statement the administrators said: “The joint administrators are still focusing their efforts on the stores identified as part of the closure programme announced on 16 May 2012. As a part of this exercise, the Joint Administrators continue to welcome expressions of interest in the remaining estate.”
The additional 17 stores set to close are as follows:
Clintons
Dumfries, Loreburne Ctr
Hertford
Musselburgh, High St
Newry, The Quays
Strand, London
Victoria Station, London
Birthdays
Biggleswade
Blackpool, Victoria St
Bolton, Middlebrook
Gateshead
Gravesend
Hastings
Lurgan
Oxford (Pure Party)
St Helens
Washington
York
