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Thursday 25 June 2009 8:00 pm

HAPPY RETURN FOR BIRTHDAYS

By: admindrupal

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CLINTON Cards, the greeting card chain, has bought up 196 Birthdays stores a month after it put the business into administration. Under the terms of the deal, which will save around 1,450 jobs, Clintons will discharge £3.25m of the debt owed to it by Birthdays. It will pay a further £0.25m in cash to administrator Zolfo Cooper. The 196 stores posted sales of £74m over the year to August 2008.

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