Paperchase has been rescued but greetings card artists are losing thousands

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When the British stationer went bust the new owner, Permira Credit, was able to shed the retailer’s debts to struggling suppliers

Although many Paperchase stores were saved, its Instagram account has been flooded with comments urging it to pay its suppliers.Although many Paperchase stores were saved, its Instagram account has been flooded with comments urging it to pay its suppliers.When the artist Angela Chick began supplying greetings cards to Paperchase, she thought she’d made it. “As a small business owner, that’s kind of a dream,” the 36-year-old said.

 

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ChrisMaslanka Reminder of the cascade effect of bankruptcy.. We will see more of this as the cost of living crisis squeezes consumer spending, in turn squeezes cash flow for businesses whose insolvency then squeezes cash flow for other businesses- their suppliers- which then squeezes... domino

I won’t shop there again.

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