Tesco buys Paperchase brand after stationery chain collapses into administration

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Jan Marchant, managing director of home and clothing at Tesco, said: “Paperchase is a well-loved brand by so many, and we’re proud to bring it to Tesco stores across the UK. “We look forward to sharing more with our customers in due course.” open image in gallery Tesco has bought the Paperchase brand and intellectual property Paperchase appointed insolvency practitioners from Begbies Traynor Group this morning. A statement said: “The Joint Administrators can confirm that the intellectual property and brand name owned by the Company has been sold to Tesco Stores Limited. The Joint Administrators will continue to monitor trading in the stores and further updates will be provided in due course.” open image in gallery Paperchase has fallen into administration Paperchase said it would “strongly urge” customers to redeem gift cards as soon as possible because they will not be accepted after two weeks.