Home > Banking Euro Crisis, It's all about money, The economy, what are the options?, Why it's all gone horribly wrong? > Another casualty, the internet is slowly eating it’s way through the High Street #retail #highstreet

Another casualty, the internet is slowly eating it’s way through the High Street #retail #highstreet


Clinton Cards forced towards administration by supplier American Greetings | This is Money.

Interesting that Barclays and state-owned RBS sold loans of £35m to supplier American Greetings just yesterday. (so much for British banks helping customers)

Español: Card Shop. The 3rd biggest in England

Español: Card Shop. The 3rd biggest in England (Photo credit: Wikipedia)

So what has happened? American Greetings has called in the loans and sent the company into administration.

Sounds like everyone has lost out, UK taxpayer included, not to mention approximately 8000 staff who will probably lose their jobs.

Something fishy going on here? Wonder if Vince Cable has anything to say on the matter?

Wonder if moonpig.com will send them a card of commiseration.

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