Clintons has been sold out of administration.
This means that all 2,500 jobs that were originally at risk, have now been saved.
The retailer has been purchased by Esquire Retail, a company set up by Clintons current owners, the Weiss family.
Clintons was founded in 1968, but has been struggling against mounting cash flow pressures and difficult high street trading conditions.
Clintons chief executive Eddie Shepherd, said that the company had no other option but to place the business into administration.
He added: “We are pleased to have been able to secure the future of the Clintons business, protecting all of our talented 2,500-strong workforce and ensuring continuation of trade across all of our UK store network at what is a crucial time of the year for the business. We are confident that this deal will kickstart a new chapter for our business.”
