City rents up 2. Published: 21 May Decision to close stores taken because retailer's store estate is 'untenable', say administrators. Published: 16 May Clinton Cards, squeezed out of modern life Nicholas Lezard.
Published: 10 May Clinton Cards pushed into administration by largest supplier. More than 8, staff wait to hear whether they will lose their jobs after latest blow to British high street. Published: 9 May Shortcuts Ping-ponging penguins killed off Clinton Cards. Clinton Cards goes into administration. Published: 5 Jan Published: 4 Jan Clothes and book sellers furious at lockdown rules Christmas cards 'even more poignant' this year.
Image source, BBC. The Range, which also sells groceries, has been criticised for marketing non-essential goods ahead of Christmas. View comments. Related Topics. Published 12 November Published 15 November Published 11 November Clintons has reportedly said landlords can air any objections to the restructuring plan before November It means the company is essentially entering into a legally binding agreement with its creditors, which could include suppliers or landlords.
It enables a company and its creditors to come to a compromise agreement and avoid an administration or liquidation. If landlords block the CVA, Clintons is thought to be considering putting the whole company into administration, an outcome that would put 2, jobs at risk.
Landlords have become increasingly frustrated by the liberal use of CVAs among flagging businesses. Another told the BBC that although there was a meeting with Clintons last week, very few details of the restructuring plan were given.
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