Paperchase put up for sale again
The Paperchase greeting card and stationery retailer has been put up for sale just over four months after a change of ownership.
The retailer was taken over in August by retail investor Steve Curtis.
According to Sky News, Paperchase is being auctioned by accountancy firm PricewaterhouseCoopers.
Curtis has been an operating partner at turnaround firm RCapital. Advisory company Retail Realisation, which is affiliated to Curtis and RCapital, was also involved in last summer’s deal.
Sky has reported that several sources told the publication that an insolvency process may my be required to expedite a transaction. Curtis is said to want to close a sale in the coming weeks.
Paperchase trades from around 100 stores in the UK and at the time of the last acquisition had plans to grow its portfolio to 150 shops..
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