JOBS at Clinton Cards in Bury St Edmunds and Birthdays in Stowmarket have been saved but the fate of the Clinton’s store in Thetford remains in the hands of the administrators.
The Bury and Stowmarket stores were include in a sale of 397 stores to Lakeshore Lendimng Limited. The move will save around 4,500 jobs nationally.
However administrators Zolfo Cooper are still in charge of a number of stores including the branch in Thetford which they intend to close unless a buyer can be found.
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.”