Clinton’s Cards closes its doors for the last time

Gainsborough news
Gainsborough news
0
Have your say

GAINSBOROUGH’S Clinton Cards store closed its doors on Friday 8th June - a month after the company went into administration.

The Market Place store was one of 43 stores closed by adminstrators Zolfo Cooper last week.

A note in the window confirmed the closure, thanking customers for their support.

The news came days after Zolfo Cooper announced 397 Clinton Cards stores has been given a lifeline after being bought out by Lakeshore Lending - in a move which saved 4,500 jobs.

Clinton Cards was placed into administration on 9th May, with administrators Zolfo Cooper announcing a week later that 350 out of 784 stores would close - including all of its Birthdays-branded stores.

Joint administrator and partner at Zolfo Coopo Peter Saville said Clinton Cards always had a ‘strong’ business case to survive tough economic times.

“We have always been of the view that despite an intensely competitive retail environment and what proved to be excessively ambitious expansion plans in recent years, there was a strong underlying business contained within Clinton Cards,” he said.

“The significant number of credible expressions of interest we received for the business we have sold, from both trade and financial buyers alike, is testament to this fact.”

He added: “We would like to thank the staff for their dedication and patience throughout what has been an understandably difficult time for all concerned amd we wish both them and the new owners of the business every success for the future.”

Zolfo Cooper will now focus its efforts on the stores identified as part of the closure programme announced on 16th May.