// All Paperchase stores are set to close for good within days following its collapse
// The stationery retailer is offering shoppers up to 70% off products in its final days.
All Paperchase stores are set to close for good within days as it as it enters the final stages of its closing down sale
In a customer email sent out on Monday, the stationery retailer said: “With just a few more days remaining until our stores close, stock up on all your stationery favourites while you can with up to 70% off everything.”
Paperchase is in the process of shuttering its 106 physical stores, resulting in 900 redundancies, as administrators failed to find a buyer for its physical assets following its collapse in February.
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Tesco snapped up the retailer’s brand and IP in a pre-pack administration deal with plans to bring the brand in stores.
Paperchase’s demise followed a tumultous couple of years where it collapsed twice. It first filed a notice to appoint administrators back in January 2021.
The retailer was rescued in a pre-pack deal led by a lender connected to private equity firm Permira in 2021 and was bought by retail entrepreneur Steve Curtis, backed by Retail Realisation, last August.
However, late last year a ‘For Sale’ sign was once again hoisted above the stationery retailer.
The sale did not transpire, which led to its collapse in January this year.
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