4500 jobs saved at Clinton Cards
7 June 2012
A US greeting card company has purchased the remaining 397 Clinton Cards stores, saving 4,500 jobs.
Lakeshore Lending Limited, a subsidiary of American Greetings Corporation, has bought the business, according to administrators Zolfo Cooper.
The sale comprises the brands and assets of Clinton Cards, including 397 stores contributing approximately £212 million in annual revenues, and will preserve approximately 4,500 jobs across the UK.
At the time of Zolfo Cooper's appointment, the group was the UK’s largest specialist retailer of greetings cards and related products with in excess of 750 stores and 2011 revenues of over £360 million across its two retail brands, Clinton Cards and Birthdays.
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