Paperchase faces uncertain future as owners consider sale

Paperchase employs about 820 people and has 100 outlets. Photograph: Andy Hall/The Observer

The struggling stationery retailer Paperchase is facing an uncertain future, with the owners considering a sale or potential administration less than six months after a previous buyout.

Paperchase, which faces rising costs and lacklustre sales and requires additional funding, has beenput up for auction under the advisory firm PricewaterhouseCoopers (PwC), as first reported by Sky News.