Clintons for sale

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Sky News has reported today, Friday 13 September, that the Weiss family has appointed KPMG to explore a potential sale of the greetings-card retailer Clintons.

 

Britain’s second-largest standalone greetings-card chain is pursuing the option of selling, some seven years after it collapsed into administration.

 

The Weiss family, which previously controlled the American Greetings business, has called upon the services of KPMG to explore the company’s current options.

 

Clintons, which used to be known as Clinton Cards, currently has a store portfolio of 334 and 2,500 staff.

 

Sources quoted by Sky News said that running an auction of the company was the most likely outcome, but that no firm decisions have been made. KPMG has already contacted potential bidders.

 

A spokesman for Clintons said: “Every well-managed company undertakes a periodic and orderly review of strategic options, and this is no different.

 

“We have extensive and exclusive new ranges of cards and gifts in our stores, which are seeing the benefits of investment in our brand and vertical integration.

 

“All Clintons staff are aware of the process and our focus is on the Christmas season and beyond.”

 

www.clintonsretail.com

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