Paperchase to explore potential CVA
| 21 January, 2019
Paperchase is reportedly looking at a Company Voluntary Arrangement (CVA) after posting a £6.3 million loss.
The Telegraph reports that the stationery chain, which has approximately 130 stores in the UK and a further, has asked KPMG to explore possibilities. The CVA would allow Paperchase to close some UK stores closing stores via insolvency procedure.