A POPULAR retailer could disappear from the high street within weeks, The Sun understands. Yesterday, stationery chain Paperchase collapsed into administration leaving the future of 106 stores and …
with gift cards are being urged to redeem them as soon as possible as they won't be accepted after two weeks.
Paperchase fell into administration two years ago, which led to the closure of 37 stores - at the time the chain had 1,500 staff.In 2010, it launched its website and its first standalone store in Ireland in Dundrum, Dublin, in 2020.During the administration process, all control is passed to an appointed administrator.Once the administrator has taken over, what's known as a moratorium is placed around the company and stops all legal actions.
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