Following news earlier this month that the Shuman Law Firm is investigating the proposed buyout of American Greetings by members of the company’s founding family, several minority shareholders have announced their intention to sue the greetings card giant for what they consider to be an unfair bid. The plaintiffs allege that members of the Weiss
American Greetings’ shareholders sue over privatisation bid Read More »
American Greetings Corp has received a private offer led by CEO Zev Weiss and his brother the chief operating officer Jeffrey Weiss, to buy the company for over $580 million. The bidding group, which also includes other investors and members of the executives’ families, is seeking to acquire all the common stock in American Greetings
Weiss family puts in a private bid for American Greetings Read More »
Clinton Cards has unveiled the results of its rebranding at the hands of chief executive Dominque Schurman and the retailer’s new owner American Greetings. The new look, which includes a vivid red fascia and change of font for ‘Clintons’, is seen here on the Cheapside branch in London. It is to be rolled out to
New Clintons branding revealed Read More »
The administrator of Clinton Cards, Zolfo Cooper, has announced that today, Thursday June 7, it has concluded the sale of this business to Lakeshore Lending Limited, a subsidiary of American Greetings Corporation. Commenting on the sale, Peter Saville, Joint Administrator and Partner at Zolfo Cooper said the following: “We have always been of the view
American Greetings acquires Clinton Cards Read More »
Speculation that giant US greetings card publisher American Greetings is to buy Clinton Cards out of administration continues to intensify. WH Smith, Card Factory and others (12 in total) have also expressed a strong interest in acquiring Clinton Cards but would have to stump up more than the retailer’s £10 – 20 million market value
American Greetings edges closer to a deal for Clinton Cards Read More »
Clinton Cards is likely to be bought out of administration within the next couple of weeks as possible buyers compete for the spoils of what was once the UK’s most iconic retailer of greetings cards. Earlier in May the retailer’s main supplier, American Greetings, bought the £35 million of bank debt owed by Clinton Cards
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