ADMINISTRATORS have announced that 200 Clinton Cards stores are to close as early as next week, but it is not yet known whether Louth’s outlet is among them.
Overall 2,800 jobs are under threat over the 200 stores and the chain’s Birthdays branded stores.
The company collapsed into administration last week due to heavy debts.
A statement from administrators Peter Saville, Simon Freakley and Anne O’Keefe, Partners at Corporate Advisory and Restructuring specialists Zolfo Cooper, said: “Given the sheer size of the Clinton Cards retail estate and the overall performance, we were left with no alternative to today’s difficult decision.
“I am hopeful that the action we have taken will allow us to preserve value in the core underlying business, thereby allowing us and potential buyers to focus on a profitable and viable retail estate going forward.”
The closures are due to begin on May 21 and will continue into June.
The company said exact locations, timings and employee numbers will be confirmed shortly.
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