Paperchase
This coverage examines the rise, fall, and revival of Paperchase, a beloved UK stationery brand. After entering administration in January 2023, Paperchase’s brand and intellectual property were acquired by Tesco, which relaunched the brand in select stores and online in late 2023. The brand’s distinctive rainbow branding has been reintroduced, with products now available in Tesco stores and through its online platform. This content offers insights into Paperchase’s market positioning, product offerings, and its integration into Tesco’s broader retail strategy, providing valuable information for retail professionals, brand managers, and business executives.
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Feb- 2023 -22 FebruaryFeatures
Could stationery retailers be facing a future in concessions?
Stationery retailers have not had a brilliant start to the year, as shown by a succession of less-than-stellar financial results from big players in this corner of the market, such as Ryman and WHSmith. For starters, Ryman reported a loss of £8.5m in earnings for the first time in 25…
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22 FebruaryHigh Street
Paperchase to shut all stores after failure to find buyer
Paperchase’s remaining 106 stores will be closing, The Times has reported, after its administrators failed to find a buyer for the retailer’s remaining assets. The news of the closures, which will result in 900 redundancies, comes as Tesco purchased the stationery retailer’s brand and IP out of administration earlier this…
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22 FebruaryPeople Moves
Original Factory Shop offers interviews to laid off Wilko staff
The Original Factory Shop has announced that it will guarantee an interview to anyone who is at risk of or has been laid off by Wilko or New Look. It has also offered guaranteed interviews to people who have been affected by redundancies at Argos, B&Q, M&Co, Paperchase and TK…
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20 FebruaryNews
Nearly 15,000 retail jobs lost in 2023
Nearly 15,000 retail jobs have been lost since the start of the year, according to new data from the Centre for Retail Research. It found that 14,874 jobs have been lost as a result of either administration or cost cutting because of the cost of living crisis. Over 11,000 jobs…
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13 FebruaryHigh Street
Paperchase unsecured creditors left with £20m bill
Paperchase’s unsecured creditors have been stuck with a £20m bill from its period in administration, according to The Times, after the company collapsed for the second time. The stationary retailer’s creditors have been notified that they will be receiving dividends of 2.52% from the sale of assets that has been…
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1 FebruarySupermarkets
Tesco acquires Paperchase IP in pre-pack deal
Tesco has acquired the intellectual property and brand of embattled stationery retailer Paperchase for an undisclosed sum in a pre-pack deal. The brand’s 106 stores are not part of the deal leaving the future of its 820 members of staff in doubt. The news comes less than a year after…
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Jan- 2023 -31 JanuarySupermarkets
Tesco in talks to acquire paperchase out of administration
Tesco is reportedly close to acquiring stationery retailer Paperchase out of administration. According to Sky News, Tesco is in advanced talks to acquire the name and intellectual property of the embattled retailer in a deal that could be agreed as early as Today (31 January). Sky News cited that sources…
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Sep- 2022 -14 SeptemberAnalysis
Is the rise in distressed M&As set to continue?
The number of merger and acquisition (M&A) deals targeting UK retailers has increased in the last year, up from 28 transactions to 34 in the last 12 months, as deals in the sector “buck the overall slowdown in M&A”, according to RPC, the international law firm. However, the UK has…
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Aug- 2022 -26 AugustM&A
Retail entrepreneur swoops to acquire Paperchase
Steve Curtis, an operating partner at Rcapital, the turnaround investor, has reportedly agreed to buy Paperchase as a private investor for an undisclosed sum, according to Sky News. Its sources said on Thursday (25 August) that the deal was expected to be confirmed before the end of the week. Curtis,…
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Jan- 2021 -27 JanuaryHigh Street
Paperchase rescued in pre-pack Permira deal
The majority of Paperchase stores are reportedly set to be rescued in a pre-pack deal that is poised to save around 1,000 jobs. According to Sky News, the rescue deal will be led by private equity giant Permira, with a deal expected to be agreed later today (27 January). Permira,…
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