Clinton cards bought by US firm

The remains of UK high street chain Clinton Cards were today snapped up by an American greetings cards firm in a deal saving 397 stores and 4,500 jobs.

Ohio-based American Greetings, which has been one of Clinton’s biggest suppliers, will take on the brands and assets of the retailer, which collapsed into administration a month ago.

Zolfo Cooper, the administrator, has already announced the closure of around 350 stores, costing the jobs of nearly 3,000 full- and part-time staff.