Paperchase considers closing stores amid high street gloom

Cards and stationery retailer mulls restructuring options as HMV struggles to find a buyerThe cards and stationery retailer Paperchase is considering closing stores via an insolvency procedure, as administrators to HMV struggle to line up buyers.Paperchase, which has 130 sites in the UK, has appointed KPMG to advise on restructuring options as shoppers have veered away from the high street over Christmas and cut back on non-essentials. Related: Paperchase under pressure as an insurer reduces sup