Tesco buys Paperchase brand

Tesco confirmed on Tuesday that it has bought the brand and related intellectual property of collapsed high street stationer Paperchase.

Jan Marchant, Managing Director of Home and Clothing at Tesco, said: "Paperchase is a well-loved brand by so many, and we’re proud to bring it to Tesco stores across the UK.

"We have been building out plans to bring more brands and inspiration to the ranges we currently offer, and this will help us to take those plans further. We look forward to sharing more with our customers in due course."

Paperchase collapsed into administration earlier on Tuesday. The company's 820 employees and 106 stores are not part of the Tesco deal.