A MAJOR high street chain could be at risk of collapsing as soon as tomorrow.
Paperchase could reportedly see all 106 branches close.
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Insiders at the stationary chain told Sky News insolvency practitioners could be appointed on Tuesday.
It comes after plans of selling the business have quickly faded.
However, it is understood shareholders are still in discussions to secure a deal.
With over 800 employees across the UK and Ireland, it is unsure how many will be affected.
A spokesperson for Paperchase told the Mirror: “The directors of Aspen Phoenix NewCo, which trades as Paperchase, confirm that following interest from a number of parties during the sale process, no decision has yet been taken on the future of the company.
“Paperchase stores and the website will continue to trade as normal during this period.
“We can’t comment further until the process has concluded.”
