Paperchase is on the brink of becoming the first high street chain to fall victim to Covid-19 in 2021.
The stationary and greetings card retailer is at risk after it filed notice to appoint administrators from PWC.
Paperchase has 127 stores and 46 concessions. In March 2019 it was among the first retailers to use a CVA to link rents on many of its stores to turnover.
