Card shops facing uncertain future
A MIXED fortune faces South Devon branches of Clinton Cards.
Torquay, Newton Abbot and Paignton stores have been acquired by Lakeshore Lending Ltd, a subsidiary of American Greetings.
It was part of a 397-stores deal contributing around £212million in annual revenues, and will preserve 4,500 jobs across the country.
However, Teignmouth and Totnes remain on a list under the control of administrators Zolfo Cooper. Some shops on this list were closed on Friday.
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Totnes and Teignmouth branches are open and continuing to trade as normal.
However, their future remains uncertain with a spokesman saying there may be more branch closures in the future if a buyer cannot be found. Zolfo Cooper is now looking for expressions of interest for stores such as Teignmouth and Totnes not taken over in the Lakeshore Lending deal.