Paperchase, which sells stationery, playing cards and items, has filed a discover to nominate directors from PwC to advise on its insolvency course of.
The corporate has 127 shops and 46 concessions – together with one on Fargate and one other in Meadowhall – and employs 1,500 folks.
A spokesperson informed Sky Information: “The cumulative results of lockdown 1.0, lockdown 2.0 – firstly of the Christmas purchasing interval – and now the present restrictions have put insufferable pressure on retail companies throughout the nation.
“Paperchase just isn’t immune regardless of our sturdy on-line buying and selling. Out of lockdown we have traded effectively, however because the nation faces additional restrictions for some months to return, we’ve got to discover a sustainable future for Paperchase.”