Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Trade, Except Of Motor Vehicles And Motorcycles
47 - Retail trade, except of motor vehicles and motorcycles

1,400 jobs
Number of planned job losses
Job loss
Announcement Date
9 January 2009
Employment effect (start)
9 January 2009
Foreseen end date
9 January 2009

Description

The Celebrations Group, a retailer specialising in the sale of greetings cards and which ran the Cardfair and Card Warehouse chains, has been closed with the immediate loss of 1,400 jobs. The administrators attributed the closure to reduced customer spending during the current economic downturn.


Sources

  • 9 January 2009: The Guardian

Citation

Eurofound (2009), Celebrations Group, Bankruptcy in United Kingdom, factsheet number 67778, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67778.