Paperchase is in talks with a possible buyer, the company has confirmed. It comes after reports claimed the company is lining up administrators.
The high street chain said it has hired advisers from Begbies Traynor Group and PwC to assess its future. Sky News reported earlier today that Begbies Traynor has been put on standby to act on its potential insolvency.
The company could be sold as part of a pre-pack administration deal. But Paperchase has stressed it is still considering a solvent sale as a going concern and said it is in talks with a number of possible buyers.
