This is happening to so many retailers right now.
Paperchase has said it is in talks with potential buyers amid reports it is lining up administrators.
The stationery chain that has a store in Atria Watford, confirmed it has hired advisers from Begbies Traynor Group and PwC to assess options for the future of the company.It came after Sky News reported that Begbies Traynor has been put on standby to handle a potential insolvency.A spokesperson for Paperchase said: “We confirm that we have retained BTG and PwC to advise Paperchase on strategic options, including the sale of the business as a going concern to new owners.
Paperchase stressed it is still considering a solvent sale as a going concern and has had interest from a number of possible suitors. The potential sale comes only four months after the retailer was bought by retail veteran Steve Curtis, who has previously backed Jigsaw and Tie Rack.Share
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