Paperchase: What went wrong?

The UK’s largest retailer Tesco has swooped to save struggling stationery and greetings card retailer Paperchase as part of a pre-pack deal that placed around 1,000 jobs at risk.
Paperchase collapsed into administration on Tuesday morning following a tumultuous past couple of years, in which it has been through a string of owners as it desperately sought to stay afloat.
Although Paperchase has found a home with the UK’s largest retailer, the acquisition is expected to lead to mass s