Paperchase under pressure as an insurer reduces supplier cover

Stationery chain insists ‘there is no cash issue’ despite slump in profitsThe stationery chain Paperchase has come under mounting pressure after one of its main credit insurers reduced cover after a slump in profits.Euler Hermes has refused to cover new contracts with Paperchase’s suppliers, although the retailer’s existing agreements with suppliers are unaffected. Continue reading...