LONDON’S BUSINESS NEWSPAPER PAPERCHASER

TESCO PICKS UP HIGH STREET STAPLE –BUT STORES STILL AT RISK

intellectual property of Paperchase after the embattled stationery company collapsed into administration yesterday.

However, it has not acquired the chain’s 106 physical stores across the UK and Ireland –putting some 820 jobs at risk.

The supermarket will now sell its products in its UK stores.

“Paperchase is a well-loved brand by so many, and we’re proud to bring it to

The firm had fallen into administration earlier in the day, with the insolvency handled by Begbies Traynor.

It marks yet another new chapter for Paperchase which has failed to recover from a bruising period during the pandemic –not least when the ‘cancelled Christmas’ at the end of 2020 all but wiped out vital festive sales.

Paperchase was bought out last August time, the brand was forced to close 47 stores. Curtis then put it up for sale just a few months later.

“The key challenge for Paperchase has been many store locations based around commuter hubs, which have had a low and then declining footfall since the pandemic,” Rebecca Crook, from digital consultancy CI&T, said. The purchase price was not disclosed.

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