WETHERBY shop workers face losing their jobs after shop retailer Clinton Cards went into administration yesterday.
The retail giant, which is the UK’s biggest specialist cards retailer, currently operates a large store in Wetherby’s Horsefair Centre.
It went into administration after failing to find a buyer for the business when banks sold the firm’s loans to its biggest supplier, American Greetings, which said it would push Clinton Cards into administration.
More than 8,000 jobs are now in jeopardy across the UK.
The group currently has 628 Clintons and 139 Birthdays stores across the UK and has been in business since 1968.
Administrators at Zolfo Cooper said the group had made losses of £130m since 2004.
It said it was “likely that a number of stores would need to be closed to make the business “financially viable”.
When contacted by the Wetherby News, a spokesman for Clinton Cards said it was too soon to pinpoint individual store closures, and that this information across the UK had not been released.
An employee at the Wetherby store said she was unable to comment.
Clinton’s plight was sealed after its banks – Barclays and taxpayer-backed Royal Bank of Scotland – sold the company’s £35m of loans to its biggest supplier.
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Weather for Wetherby
Sunday 19 May 2013
Temperature: 9 C to 18 C
Wind Speed: 13 mph
Wind direction: North west
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