26th Jan 2015 06:47
LONDON (Alliance News) - Card Factory PLC is understood to be in the early stages of a bid for high-street rival Paperchase Ltd, the Daily Telegraph reported on Sunday.
Paperchase has been put up for sale by private equity owner Primary Capital, which has owned the company since acquiring it from American bookstore chain Borders in 2010, and it is thought likely to fetch around GBP150 million, the newspaper said.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11368532/Card-Factory-eyes-Paperchase-purchase.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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