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Thursday, 21 May 2009

Birthdays goes into Administration, 323 stores and 2000 jobs at risk.

See my Blog entry http://companyrescue.blogspot.com/2009_02_01_archive.html from February predicting the end of the line for greetings card retailers.

Seems that Clinton Cards does have serious problems putting its 223 store chain Birthdays into administration today.

Guess the directors might send a get well soon card?

Seriously though who would buy this chain losing £7m per annum, 323 high street, high rent stores? One has to question why it was put into trading administration.

For a guide see this page

Going into administration

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