Clinton Cards to fold - UK - ITN.co.uk © Reuters/Jason Reed Clinton Cards' largest supplier American Greetings will push the company into administration later, after buying up its loans worth £35 million. The card maker has suffered serious losses in recent months, facing stiff competition from supermarkets and online retailers selling personalised greeting cards. The retailer recorded a pre-tax loss of £3.7 million in the 26 weeks to the end of January. Clinton Cards is the UK's biggest card manufacturer employing more than 8,000 staff. A number of stores are expected to close but administrators will continue to run the branches while a buyer for the business is sought. It is the latest in a string of blows for the UK high street following recent casualties including Peacocks and Blacks Leisure.