Paperchase faces collapse as solvent rescue hopes fade

Paperchase cards

Paperchase is on the brink of collapse as hopes of a solvent rescue deal have faded.

The stationery retailer is said to be appointing insolvency practitioners from Begbies Traynor as soon as Tuesday (January 31) and a pre-pack administration is the likeliest outcome, according to a report by Sky News.

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