The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
105 jobs Number of planned job losses
Announcement Date
30 March 2006
Employment effect (start)
Foreseen end date
Description
Some 105 jobs have been lost after a greetings card company based in Greater Manchester went into administration. Distinctive Cards Ltd, which will cease trading on Friday, blamed the rise of a number of new card retailers selling highly discounted products. The collapse of the company, based in Bury, has led to the closure of 18 stores, mainly across the north of England and Scotland.
A statement, released on behalf of the card company, said: 'The business has suffered from severe competition on the high street and was unable to compete with the emergence of new card retailers who are offering highly discounted cards.'
Sources
Citation
Eurofound (2006), Distinctive Cards, Closure in United Kingdom, factsheet number 63261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63261.
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