Tesco buys Paperchase stationery brand but not its stores
Tesco has bought the brand and intellectual property of High Street stationery chain Paperchase, hours after it fell into administration.
The business also has stores in train stations, which have suffered from reduced footfall due to more people now working from home. "We have been building out plans to bring more brands and inspiration to the ranges we currently offer, and this will help us to take those plans further."Several weeks ago, Paperchase said it had put itself up for sale and that a number of buyers were interested in the business.
Begbies Traynor said Paperchase's shops would continue trading for now but told customers they only had two weeks to redeem any gift cards.
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