Tesco Confirms Purchase of Stationery Chain Paperchase Brand

Dow Jones

Jan 31, 2023

By Elena Vardon and Michael Susin

Tesco PLC on Tuesday said it has bought stationery chain Paperchase's brand and intellectual property for an undisclosed sum.

"Paperchase is a well-loved brand by so many, and we're proud to bring it to Tesco stores across the UK," said Jan Marchant, Tesco's Home and Clothing managing director said.

"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," he said.

Earlier on Tuesday, Sky News reported that the grocer was in talks to buy Paperchase's name and IP through a prepack administration but was unlikely to be interested in its stores.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 31, 2023 10:08 ET (15:08 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2307746360"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2307746360\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2307746360?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-31 23:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2307746360","market":"us","top_or_hot":-1,"title":"Tesco Confirms Purchase of Stationery Chain Paperchase Brand","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Elena Vardon and Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  Tesco <a href=\"https://laohu8.com/S/PLC\">PLC</a> on Tuesday said it has bought stationery chain Paperchase's brand and intellectual property for an undisclosed sum. \n</p>\n<p>\n  \"Paperchase is a well-loved brand by so many, and we're proud to bring it to Tesco stores across the UK,\" said Jan Marchant, Tesco's Home and Clothing managing director said. \n</p>\n<p>\n  \"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,\" he said. \n</p>\n<p>\n  Earlier on Tuesday, Sky News reported that the grocer was in talks to buy Paperchase's name and IP through a prepack administration but was unlikely to be interested in its stores. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2023 10:08 ET (15:08 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesco Confirms Purchase of Stationery Chain Paperchase Brand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesco Confirms Purchase of Stationery Chain Paperchase Brand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-01-31 23:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Elena Vardon and Michael Susin \n</p>\n<pre>\n \n</pre>\n<p>\n  Tesco <a href=\"https://laohu8.com/S/PLC\">PLC</a> on Tuesday said it has bought stationery chain Paperchase's brand and intellectual property for an undisclosed sum. \n</p>\n<p>\n  \"Paperchase is a well-loved brand by so many, and we're proud to bring it to Tesco stores across the UK,\" said Jan Marchant, Tesco's Home and Clothing managing director said. \n</p>\n<p>\n  \"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,\" he said. \n</p>\n<p>\n  Earlier on Tuesday, Sky News reported that the grocer was in talks to buy Paperchase's name and IP through a prepack administration but was unlikely to be interested in its stores. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 31, 2023 10:08 ET (15:08 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2307746360","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2307746360","pubTimestamp":1675177680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Elena Vardon and Michael Susin \n\n\n \n\n\n  Tesco PLC on Tuesday said it has bought stationery chain ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"乐购确认购买文具连锁店Paperchase品牌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TESO":1},"content_text":"By Elena Vardon and Michael Susin \n\n\n \n\n\n  Tesco PLC on Tuesday said it has bought stationery chain Paperchase's brand and intellectual property for an undisclosed sum. \n\n\n  \"Paperchase is a well-loved brand by so many, and we're proud to bring it to Tesco stores across the UK,\" said Jan Marchant, Tesco's Home and Clothing managing director said. \n\n\n  \"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,\" he said. \n\n\n  Earlier on Tuesday, Sky News reported that the grocer was in talks to buy Paperchase's name and IP through a prepack administration but was unlikely to be interested in its stores. \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 31, 2023 10:08 ET (15:08 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}