THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Paperchase lines up administrators amid search for rescue buyer

Stationery outfit Paperchase has put administrators on standby as it scrambles to find new financial backers. The beleaguered High street stationer has told corporate restructuring business… View Article

GENERAL MERCHANDISE

Paperchase lines up administrators amid search for rescue buyer

Stationery outfit Paperchase has put administrators on standby as it scrambles to find new financial backers.

The beleaguered High street stationer has told corporate restructuring business Begbies Traynor to be on standby in the event that rescue talks collapse, forcing it into insolvency, according to reports from Sky News.

The firm has been at the heart of a number of recent headlines, with the retailer securing a rescue deal as recently as January 2021. It was then taken over in August of last year by experienced retail investor Steve Curtis but Curtis himself then put the firm up for sale just four months later, a process being managed by PwC.

A spokesman for Paperchase said this afternoon: “We confirm that we have retained BTG and PWC to advise Paperchase on strategic options, including the sale of the business as a going concern to new owners. Talks are continuing with a number of interested parties.

“All Paperchase stores and the website will continue to trade as normal during this period. We can’t comment further on this process until discussions with interested parties have been concluded.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News