Research conducted by the Centre for Retail Research (CRR) has found shown that 188,685 retail jobs in the UK disappeared between the start of the first lockdown on March 23 2020 and March 31 of this year. 15,153 stores permanently closed their doors in the same period. 83,725 of the jobs were lost because of
The Cost of Lockdown to Retail: 188, 685 jobs and counting Read More »
Following a pre-pack administration deal finalised on January 28, 90-100 Paperchase stores are set to continue trading on the high street, saving 1,000 jobs. Twenty seven Paperchase stores are likely to close, at a predicted loss of 250 jobs. A pre-pack deal allows for continuation of the business and protection of jobs while avoiding the
Paperchase to continue trading following pre-pack deal Read More »
Online greeting card publisher, Moonpig, is seeking flotation for a value above £1 billion on the London stock market, as it moves to take advantage of a lockdown-driven surge in demand for its products. Revenues at the company, which claims to have a 60 percent share of the UK’s world-leading greeting card market, reached £173
Moonpig targets £1bn stock market flotation Read More »
After 50 years on British high streets Paperchase is on the brink of falling into administration, after a very difficult year for the specialist greetings card and stationery retail chain. The second lockdown in November was a bitter blow for the retailer, which makes a large proportion of its sales in that month. Along with
Paperchase faces administration Read More »
Specialist greeting card and stationery retailer, Paperchase, has come under fire for a joke Christmas card which was deemed offensive by some people who saw it. The card features a mother rabbit demanding a ‘f****ing refund’ from an orphanage after one of her children spilled milk. The risky card was accused of mocking children in
Paperchase under fire for offensive card Read More »
Specialist stationery and greeting card retailer, Paperchase, has formally launched a CVA following weeks of speculation. The company, which is owned by private equity firm, Primary Capital had already appointed KPMG at the start of this year to help it find a way forward. Five of the company’s stores are expected to close but for
Paperchase to close stores as it announces CVA Read More »
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