Brighton’s Paperchase store closes as business collapses
A high street retailer is preparing to close its doors just months after reopening in Brighton.
Stationery chain Paperchase collapsed and filed for bankruptcy earlier this week after failing to find a buyer for the business.
All 106 stores, including one in Churchill Square, will be closed – around 1,000 employees will lose their jobs.
It comes just months after Paperchase returned to Brighton and opened a new store in the Mall in October.
The branch is now offering customers big discounts on all stock, with placards telling passers-by ‘Everything must go’.
Begbies Taylor administrators said stores would remain open for a short time and employees would remain at their jobs during that time.
Gift cards will still be redeemed at short notice, but Paperchase emphasized that it is “not possible” to redeem them after two weeks.
The company had previously gone bankrupt for two years by closing 37 branches.
Tesco has bought the rights to the brand and plans to sell Paperchase items in its supermarkets.
Jan Marchant, Managing Director Home and Clothing at Tesco, said: “Paperchase is a popular brand with so many and we are proud to bring it to Tesco stores across the UK.
“We have developed our plans to bring more branding and inspiration to the ranges we currently offer and this will help us further drive those plans.
“We look forward to sharing more with our customers in due course.”
It comes as high street electronics store Currys is closing the doors of its store in Western Road, Brighton later in the day.
https://www.theargus.co.uk/news/23299321.brightons-paperchase-store-close-company-collapses/?ref=rss Brighton’s Paperchase store closes as business collapses