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Card retailer Clintons ‘looking to close a fifth of stores’ to avoid going bust

The greetings card chain Clintons is reportedly looking to close about a fifth of its stores, as it tries to avoid going bust again.

The retailer is understood to have appointed restructuring advisers from business advisory firm FRP to help it draw up plans to prevent insolvency.

Under the move it would swap its debt for equity and shut 38 of its 179 shops, because of the “acute financial distress” it is facing, according to

. It…

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