Birthdays store in Barking faces axe
Staff at a Birthdays store in Barking face an uncertain future after their parent group Clinton Cards collapsed into administration.
The eight employees work at the Birthdays shop inside Vicarage Field shopping centre in Ripple Road, Barking.
The 8,000-staff chain went into administration yesterday with accumulated costs and debts of more than �130million.
Administrators, Zolfo Cooper, acknowledged stores could be axed as part of a potential takeover bid.
Peter Saville, of Zolfo Cooper, said: “Recently, Clintons has been faced with extremely challenging trading conditions, particularly in its Birthdays subsidiary, where the combined cost to the group in terms of acquisition cost and accumulated losses is estimated to have been in excess of �130m since 2004.
You may also want to watch:
“We will continue to trade the business whilst we undertake a full marketing exercise to find buyers for all or parts of the group.
“It is likely that a number of stores will need to be closed in order to make the business financially viable.”
- 1 Watch the moment Dagenham man attacks police officer with sword
- 2 Fines for Havering landlords who put Dagenham tenants 'in danger'
- 3 Vaisakhi observed with ceremony at Barking Town Hall
- 4 Meet the singer drawing global audiences to her Barking living room
- 5 Images released of man in connection with robbery on train from Barking
- 6 Survey asks women where they feel unsafe in Barking and Dagenham
- 7 Street food market coming to Barking as lockdown continues to ease
- 8 'Terrifying' CCTV footage shows vandals take axes to cars of NHS workers
- 9 RSPCA appeal over video of dog 'carried' by collar in Dagenham
- 10 Barking fishmongers shut down by council after Covid-19 safety warning