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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Clintons Cards staves off collapse threat as court backs restructuring plan involving 38 store closures

Clintons Cards appears to be safe from collapse for at least the next 12 months, after an insolvency court approved a restructuring plan that allows the retailer to escape full payment of business rates and rent for 38 shops that are set to close.

The deal saves thousands of jobs that would have been at risk if it was not approved.

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