Paperchase collapses into administration

// Begbies Traynor appointed as administrator of Paperchase this morning
// “Significant” interest had been received for Paperchase’s brand and IP, with Tesco understood to be leading the race to buy itPaperchase has collapsed into administration this morning, appointing Begbies Traynor to handle the process, as Tesco looks to snap up the retailer.
Mark Fry, Kirstie Provan and Gary Shankland of Begbies Traynor were appointed as joint administrators of Aspen Phoenix Newco Limite