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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Clinton Cards loses 400 jobs as more stores close

Category : Business

Some of the 330 units not part of purchase by US firm American Greetings are closed

More than 400 people lost their jobs yesterday after another wave of store closures at Clinton Cards.

The group – the UK’s biggest specialist cards retailer – went into administration last month, although 397 of its stores were sold to Ohio-based American Greetings on Thursday, saving 4,500 jobs.

Administrators at Zolfo Cooper closed 43 of the 330 stores not included in the deal, leading to 408 redundancies. They have already closed 44 sites last month but are looking for buyers for the remaining stores to try to save nearly 3,000 full and part-time jobs.

The ailing high street retailer, which operated the Clintons and Birthdays brands, had nearly 800 stores and employed more than 8,000 staff in total.

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