This ad will be closed automatically in X seconds.

Clintons Is Put Up For Sale

Clintons, the UK’s second largest standalone specialist greeting card chain, has been put up for sale by its owners, the Weiss family.

Sky News has just announced that the 334-store chain, which is owned by the Weiss family (who previously also wholly owned UKG and its parent company, American Greetings) has appointed KPMG to oversee ‘a review of strategic options’.

This news comes seven years after the Weiss family acquired Clintons from the administrative receivers in order to recover some of the monies owed to UKG and to safeguard a supply chain for the publisher.

According to Sky News, prospective bidders have already been contacted by KPMG.

This development comes just over a month after Clintons’ buying team moved out of its historic headquarters, in Loughton to relocate to the 4,000 square foot space above its Loughton High Street store. Coinciding with this shift other headquarters’ functions have relocated to the retail group’s Corby premises in Northampton where its in-house creative hub has been established. (https://www.pgbuzz.net/clintons-hq-moves-to-above-its-loughton-store/)

Explaining about these geographical changes, which reflects the increasing vertical integration of the business, Eddie Shepherdceo of Clintons said: “The move out of an expensive legacy site into a more compact, efficient premises is both a welcome and necessary move. The financial benefit achieved through this move will be invested back into the business to support our strategy of becoming a more vertically integrated, standalone business.”

 

 

 

MORE NEWS
story 1 feature pic
 
Retailers are all set for a smorgasbord of treats at next week’s show ...
story 5 feature pic
 
How soaring costs of shipping, haulage and raw materials are impacting on our sector...
story 2 feature pic
 
The Bouffants & Broken Hearts collection fits in well with Kindred’s ethos...
story 4 feature pic (1)
 
Retailers, card publishers and gift companies enjoy the face to face interaction...
story 3 feature pic (2)
 
Danilo, Emotional Rescue, Hallmark, Hype, Moonpig, Pyramid and UKG ranges feature in the shortlist...
story 4 feature pic (1)
 
The art prints collection has been developed with independent retailers in mind...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.