Paperchase confirm store closures as company launch CVA - will your local shop close down?

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CONFIRMED: Paperchase announce the closures of some stores as company launch CVA - will your local shop close down?

The launch of the CVA comes after a period of “productive consultation with its landlords”, Paperchase have said. This is regarding the restricting of the store portfolio, and a better alignment of the rents of some particular stores in proportion with footfall and trading. In the statement released today, the stationary brand confirmed that the majority of the 145 stores will continue to trade as normal.

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