Clinton Cards branches in Wokingham and Bracknell savedBy Victoria Smith
June 07, 2012
Clinton Cards branches in Wokingham and Bracknell have been saved after they were sold to an American greeting card firm.
The shops in Market Place in Wokingham and Charles Square in Bracknell have been bought by Lakeshore Lending Limited, a subsidiary of American Greetings, a month after Clinton Cards was placed into administration.
However, some local shops remain at risk of closure while administrator Zolfo Cooper seeks a buyer. These are Clinton Cards in Crockhamwell Road, Woodley, and Birthdays in Princess Square, Bracknell.
Peter Saville, joint administrator and partner at Zolfo Cooper, said: “We have always been of the view that despite an intensely competitive retail environment and what proved to be excessively ambitious expansion plans in recent years, there was a strong underlying business contained within Clinton Cards.
"The significant number of credible expressions of interest we received for the business we have sold today, from both trade and financial buyers alike, is testament to this fact.
"We would like to thank the staff for their dedication and patience throughout what has been an understandably difficult time for all concerned and we wish both them and the new owners of the business every success for the future.”