Clintons stores could close under restructure
Date published: 14 November 2019
Greetings card retailer Clintons is believed to be considering store closures and rent cuts as part of a restructure.
According to the BBC, the retailer is in restructuring talks with landlords, which would involve a Company Voluntary Arrangement (CVA) insolvency process
CVAs allow companies to continue trading whilst paying creditors over a fixed period.
The Sunday Telegraph recently reported Clintons could close 66 of its 332 shops, with landlords cutting rent on the majority of remaining stores.
A spokesperson for Clintons said: “Talks with our landlords are still ongoing but no decisions have been taken.”
Clintons did not respond when asked how a restructure would affect the Rochdale store in the Rochdale Exchange Shopping Centre.
Formerly known as Clintons Cards, the company was founded in 1968 in Essex by Don Lewin.
Do you have a story for us?
Let us know by emailing firstname.lastname@example.org
All contact will be treated in confidence.
Most Viewed News Stories
- 1Conservatives win Heywood & Middleton for first time
- 2Heywood & Middleton General Election 2019 - Live Commentary- Conservatives take Heywood & Middleton...
- 3Tony Lloyd victorious for Labour as he retains Rochdale seat
- 4Rochdale General Election 2019 - Live Commentary - Tony Lloyd retains his seat
- 5Former Westlife singer Brian McFadden covers costs of staging Christmas show raising money for...