Stationery chain Paperchase falls into administration
High Street stationery chain Paperchase has fallen into administration putting 820 jobs at risk.Administrators Begbies Traynor said the shops would continue trading as normal for now and it would provide updates in due course.It is the second time since 2021 that the business has fallen into administration.
It also has stores in train stations, which have suffered from reduced footfall due to more people now working from home. But on Tuesday Begbies Traynor said in a statement: "Unfortunately, despite a comprehensive sales process, no viable offers were received for the company, or its business and assets.
It was then bought out of administration in 2021 during the pandemic in a rescue deal which saw the loss of around 500 jobs.
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