THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Paperchase acquired out of administration

Stationery retailer Paperchase has been acquired out of administration. The company has been sold to a newly formed company called Aspen Phoenix, which is backed by… View Article

GENERAL MERCHANDISE NEWS

Paperchase acquired out of administration

Stationery retailer Paperchase has been acquired out of administration.

The company has been sold to a newly formed company called Aspen Phoenix, which is backed by private equity firm Permira.

The deal will save around 1,000  of the retailer’s 1,250 jobs and will result in up to 90 Paperchase stores remaining open.

Ollie Reaburn, Paperchase chief executive, said: “The cumulative impact of lockdowns and related restrictions means that  it is imperative that we make this tough but necessary decision to safeguard Paperchase’s future.

“In taking ths action, we are giving ourselves the best opportunity to ensure that the business is fit for purpose in this new retail environment.”

 

Subscribe For Retail News