The future of a Nottingham city centre shop remains uncertain despite a rescue deal safeguarding 1,000 jobs across the country.
The majority of Paperchase stores will be saved following a takeover after the company went into administration as sales plummeted during lockdown and coronavirus restrictions.
The high street card retailer will close 37 of its 127 stores, resulting in around 250 redundancies, but bosses haven't announced which ones.
The chain has a branch in Low Pavement.
A spokesman said: "I don't have information about which stores are closing. This is because discussions are still ongoing."
Administrators revealed that newly formed company Aspen Phoenix Newco, which is backed by Permira Debt Managers, is to take control of the retailer.
Paperchase hired administrators from PwC after it saw sales slide on the back of significantly lower footfall.
Olly Raeburn, chief executive at Paperchase, said: “The cumulative impact of lockdowns and related restrictions means that it is imperative we make this tough but necessary decision to safeguard Paperchase’s future.
“In taking this action, we are giving ourselves the best opportunity to ensure that the business is fit for purpose in this new retail environment.
“We have been in close dialogue with all of our stakeholders through this process and are grateful for their continued support.
“We, of course, recognise that this affects many of our colleagues and we will do all we can to assist them during this difficult time.”
