Friday 26 February 2021
Select a region

Paperchase's future uncertain

Paperchase's future uncertain

Wednesday 06 January 2021

Paperchase's future uncertain

The future of Jersey's branch of Paperchase has been cast into doubt after the company filed to appoint administrators.

The move will allow the national cards and stationery company, which also has a branch in Guernsey, 10 days to figure out a rescue plan.

The company has more than 120 shops across the UK and around 1,500 employees.

“The cumulative effects of lockdown one, lockdown two and now the current restrictions [in the UK] have put unbearable strain on retail businesses across the country,” a spokesperson said.


Pictured: Paperchase isn’t classed as an essential retailer and will close for the latest UK lockdown.

40% of the firm’s overall sales are usually made in November and December, however the Christmas lockdown meant sales fell in UK stores and online sales haven’t mitigated the loss.

To cut costs, Paperchase went through an insolvency process two years ago.

Although it's unclear what the future holds for its branches in Jersey and Guernsey, the firm remains cautiously optimistic.

“We are working hard to find that solution and this NOI is a necessary part of this work. This is not the situation we wanted to be in. Our team has been fantastic throughout this year and we cannot thank them enough for their support.”

It follows the Arcadia Group – which owns a number of labels on Jersey's high street, including Topshop and Dorothy Perkins – going into administration at the end of 2020.

Sign up to newsletter



Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?