Stationery retailer Paperchase has fallen into administration after failing to find any buyers for the business, administrator Begbies Traynor has said. Paperchase had said it was in talks with potential buyers amid reports that the high street retailer was lining up administrators.
Tesco has bought the Paperchase brand and intellectual property after the stationery chain entered administration.
However, the supermarket chain’s deal for the business will not include any of the retailer’s 106 stores and is therefore expected to impact hundreds of jobs.
