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Jan 5 (Reuters) – British stationery chain Paperchase has filed a notice to appoint administrators, putting 1,500 jobs at risk, as its sales were hurt by store closures due to the coronavirus pandemic, Sky News reported on Tuesday.
The pandemic-related restrictions have hammered the hopes of the company, which had underwent company voluntary arrangement in March 2019 to cuts costs, according to the report. (https://bit.ly/2XcVK4i)
Paperchase will join a growing list of the UK retailers pushed over the edge by the COVID-19 crisis.
The company did not immediately respond to Reuters request for a comment.
Reporting by Shanima A in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.
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