Stationery chain Paperchase is on the brink of collapsing into administration after sales were hammered by closures at the end of last year. The spokesman added that the company was “working hard to find that solution” with the administration notice a “necessary part of this work”. Sign In Wishlist. Get Started Free Sign up for a free Matterport account with 1 active space, 1 user, and access to a suite of tools. STATIONERY chain Paperchase is on the brink of collapsing into administration after sales were hammered by closures at the end of last year. Contact Us Promoted articles. Stationery firm Paperchase is preparing to appoint administrators as its stores are forced to close in another lockdown that has put ‘unbearable strain’ on non-essential retailers. This is not the situation we wanted to be in. Typically, November and December trading account for 40 per cent of the company’s annual sales. The company confirmed it had filed a notice to appoint PwC as administrator, which it hoped would give it breathing space from its creditors while a rescue plan is […] Paperchase, Festival Place, Basingstoke. The accountancy firm PwC has been lined up to handle the process. It is understood the retailer’s decision to move towards administration was particularly driven by poor sales in November and December amid lockdown measures and tiered restrictions. Paperchase was particularly vulnerable to the sales disruption caused by lockdowns in the run-up to Christmas as 40% of the chain’s annual sales are rung up in November and December. Tier 4 Store Closures Extended Christmas Return Period Paperchase. Shop online at Paperchase, a leader in innovative, design-led stationery, cards and gift-wrap. The stationary … NEW ARRIVALS. Paperchase facing administration: Stationery giant on brink of collapse-1,500 jobs at risk PAPERCHASE, the UK stationery giant, is facing collapse, putting 1,500 jobs and 127 stores at risk. In 2010 the private equity firm Primary Capital backed a £20m management buyout from Borders. New restrictions mean all its UK stores are once again closed, in line with other non-essential retail outlets. Paperchase Virtual Store United Kingdom. Ship to. Closure of card and stationery chain’s high street stores in run-up to Christmas puts 1,500 jobs at risk, Tue 5 Jan 2021 14.28 GMT Sign In Wishlist. It pushed through a company voluntary arrangement (CVA), a rescue deal designed to … Search from the best Paperchase Assorted Notebooks & Notepads based on the reviews and ratings from Staples customers: IT'S a sad day for stationery-lovers in Basingstoke as the popular Paperchase chain confirmed it is on the brink of going into administration after sales were hammered by closures at the end of last year. The company has changed hands numerous times, with high street rival WH Smith and now defunct US books giant Borders among the chain’s previous owners. The cards and stationery retailer Paperchase is on the brink of administration after pre-Christmas store closures put an “unbearable strain” on the high street, putting 1,500 jobs at risk. Categories. The majority of Paperchase stores are now open, with a closures within Tier 4. my favourite designs were this outlined fruits design (above & below), plus the interesting and fun 'sketchy pen pattern'. Primary Capital, which had also owned Yo Sushi and Coffee Nation, tried to sell Paperchase in 2014 and considered a stock market flotation two years later. Yes, that’s right – you can now get that festive feeling and enjoy a spot of Christmas shopping from the safety and comfort of your sofa. The firm, which has 127 stores - including 12 in Scotland - and 1,500 employees, confirmed it has filed a notice to appoint administrators from PwC to advise on its insolvency process. Paperchase proposes store closures to cut costs. Primary Capital is the private equity firm that owns Paperchase. New Stationery Gift Ideas TRENDING. Shop online at Paperchase, a leader in innovative, design-led stationery, cards and gift-wrap. NEW ARRIVALS. JouéClub Liban Virtual Store Lebanon. Stationery chain Paperchase is on the brink of collapsing into administration, after sales dropped dramatically following Covid-19 restrictions closing some stores at the end of last year.. The legal document provides protection from creditors for 10 days. Face Coverings Home Schooling Working From Home Shop Our Instagram Online Gift Vouchers COLLECTIONS. Find your nearest Paperchase store locations in United Kingdom. Agenzio Beautility Mind The Gap Naturals Paperology Peter Rabbit OFFERS. Paperchase, which has 127 stores across the country including one at Whiteley Shopping Centre, said that its sales had been hammered by closures at the end of … The company, which has 173 stores and concessions, has filed a notice to appoint administrators as it tries to put together a rescue. Menu. … Paperchase has 145 UK stores across UK, Europe and North America, as well as 75 department store concessions. A collapse of the stationery … United States. 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