Distinctive Cards

Type
Closure
Country
United Kingdom
Region
North West (England); Greater Manchester;
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
105 jobs
Number of planned job losses
Job loss
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.'

Citation

Eurofound (2006), Distinctive Cards, Closure in United Kingdom, factsheet number 63261, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63261.