LOUTH’S Clinton Cards store looks set to have been saved after it was one of 397 stores around the country sold to Lakeshore Lending Limited, a subsidiary of American Greetings Corporation.
The store in the Market Place has been the subject of much speculation locally after the card retailer went into administration in May due to heavy debts.
A number were closed by administrators Zolfo Cooper but Louth was one of the lucky group that were kept open, saving six jobs at the town centre branch.
This leaves Clinton Cards with 400 stores, a number which Zolfo Cooper say supports a ‘viable business and is significantly better
placed to operate in today’s challenging market’.
It’s not yet known under what guise the Louth outlet will be run and whether any changes will be made.
More to follow as we get it.
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