The stationery chain filed for bankruptcy on March 2 and was forced to close stores, cut jobs and reduce the pay of senior managers. Like many retailers, Paper Source’s sales fell last year due to Covid pandemic shutdowns, capacity restrictions, and a wave of canceled weddings and events hurt sales of invitations.
Thereof, are paper source and papyrus the same?
Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures. CHICAGO, March 2, 2020 – Paper Source, a premier lifestyle brand and gift retailer, today announced their acquisition of 30 shuttered Papyrus stores, growing their footprint to over 165 stores by early 2020.
Simply so, what is the use of paper? It is a versatile material with many uses, including printing, packaging, decorating, writing, cleaning, filter paper, wallpaper, book endpaper, conservation paper, laminated worktops, toilet tissue, currency and security paper and a number of industrial and construction processes.
Likewise, people ask, where is papier manufactured?
Overview. Papier was established in May 2015, by Taymoor Atighetchi, in London, UK. It is headquartered in Camden, London.