Clinton Cards store closures hits 221
Administrators of Clinton Cards announce further 122 store closures
Administrators of Clinton Cards announce further 122 store closures
ADMINISTRATORS to collapsed greetings cards retailer Clinton Cards have had to close 221 stores so far.
At the start of the week, it was reported 99 stores would close their doors. However, Zolfo Cooper administrators Peter Saville, Simon Freakley and Anne O’Keefe have now announced a further 122 will go.
The ailing greetings cards business has been in administration since 9 May, along with its subsidiaries including Birthdays Retail.
On 7 June, the administrators managed to secure a sale of 397 stores, assets and brands to American company Lakeshore Lending, a subsidiary of American Greetings.
Some 330 stores were not included in the sale and remained under the control of Zolfo Cooper.
More than 40 of those stores were closed on 8 June 2012, with the joint administrators today announcing a further 122 stores will cease trading by 21 June 2012.
The administrators say they will still welcome interest in purchasing the stores as a whole or in part.
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleLeonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider Read Mor...
View articleAIM-listed Bond International Software has had Kingston Smith and Partners appointed as liquidators. Read More...
View articleBrexit, and some directors looking to shut down their companies without further recourse, have contributed to the current insolvency landscape, invest...
View articleTop 50+50 firm Begbies Traynor recorded pre-tax profits of £4.5m for the year, boosted by its property services unit, despite seeing insolvencies drop...
View articleThe long-standing retail firm is to cease trading in the coming weeks after administrators failed to find a buyer Read More...
View articleMather boasts a quarter century of restructuring and insolvency experience gleaned across various roles at Deloitte and Begbies Traynor Read More...
View articleClothing firm behind Pretty Polly tights blames BHS for its collapse Read More...
View articleBHS auditor PwC questioned over why it described the embattled retailer as a 'going concern' days before it was sold for £1 Read More...
View article