The Office Times

Paperchase to explore potential CVA

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.

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