Clintons greeting cards retailer sold out of administration to Esquire Retail Limited

Client(s) AG Retail Cards Limited t/a Clintons

Jones Day advised AG Retail Cards Limited t/a Clintons (the "Company") in its exploration of sale options to secure the future of the business and in its discussions with stakeholders with a view to entering into a Company Voluntary Arrangement. When such discussions were ultimately unsuccessful, Jones Day advised Clintons with respect to appointing Will Wright and Steve Absolom of KPMG LLP as Joint Administrators of the Company and the immediate sale of its business and assets out of administration to Esquire Retail Limited. The transaction safeguarded all 2,500 jobs and will see all 334 of the Company's stores across the UK continue to trade.