Clintons mulls closing 38 stores
Clintons is considering closing 38 stores – approximately one-fifth of its store estate – to avoid insolvency, The Times has reported.
The card retailer is looking to close 38 of its 179 stores as it faces “acute financial distress” and turns to restructuring advisers to swap debt for equity.
In documents seen by The Times, the retailer said: “It is common knowledge that the UK high street retail sector has been in decline for a number of years.
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