Closure of card and stationery chain’s high street stores in run-up to Christmas puts 1,500 jobs at risk
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.
The company, which has 173 stores and concessions, has filed a notice to appoint administrators as it tries to put together a rescue. The legal document provides protection from creditors for 10 days.
