Clinton : Birthdays card Business Into Administration

Clinton Cards Plc, the UK’s largest greeting-cards retailer, said its troubled Birthdays greetings card business was placed into administration, putting more than 2000 jobs at risk. The company said in a statement it made the “difficult decision” to end the funding of the 332-store chain, which was posting annual losses of about £7m.Administrators Zolfo Cooper said in a statement it will “explore all options available to secure the future of the Birthdays’ business.” In the meantime, Clinton said it would be interested in buying back part of the business, reports the Financial Times. “There is a core, a central business there, a good business. The administrators [are trying to find a buyer].

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