Further 43 Clinton Cards stores closed
The administrators to Clinton Cards today announced the closure of 43 stores not included in the sale of the company to a subsidiary of US card retailer and wholesaler American Greetings.
American Greetings yesterday completed a deal to buy collapsed retailer Clinton Cards, which went into administration on 9 May, via a subsidiary called Lakeshore Lending.
The company has acquired 397 of the chain’s 770 stores, which will be operated by US group Schurman Retail.
Administrator Zolfo Cooper retains the remaining 350 stores – deemed to be ‘at risk’ of closure – and already closed 44 of those last month. Today, it has published a list of a further 43 stores that will close with immediate effect.
These are:
Clinton Cards
Ayr, The Kyle Centre • Basildon, Town Sq • Blackpool, Upper Church St • Brighton, Western Rd • Bristol, The Galleries • Bromley, Upper Mall, The Glades • Cannock, Peel Ctr • Chatham, High St • Cheltenham, Regent Arcade • Chorley, Chapel St Corby, Willow Place • Crawley, 61County Mall • Croydon, 31 Whitgift Ctr (Lower) • East Kilbride, The Olympia • Gainsborough • Glasgow, Braehead • Inverness, High St • Ipswich, Cornhill • Leeds, Commercial St • Milton Keynes, Silbury Arcade • Newbury, Kennett Ctr • Northampton, Grosvenor Ctr • Romford, Liberty II • Shrewsbury, Darwin Ctr • Shrewsbury, Pride Hill Ctr • Watford, Upper Mall Harlequin • Wrexham, Regent St
Birthdays
Basingstoke, Mayfair House • Bracknell • Bromley, The Glades • Camberley, Cambridge Wlk Craigavon, Craigavon Ctr • Derby, 145 South Mall • East Kilbride, West Mall • Liverpool, Lord St • Norwich, Castle Mall • Nuneaton, Market Place • Redditch, Kingfisher Ctr Sheffield, 18 The Gallery • Southend, 82 High St • Thurrock, 277 Lakeside • Uxbridge, Pavillions Ctr • Weston Super Mare
Propertyweek.com reported this morning that Shurman Retail is to meet with landlords next week to outline its strategy for Clinton Cards.
Schurman Retail Group has more than 500 stores across North America under brands such as Papyrus, Carlton Cards, American Greetings and Paper Thread.
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