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Owner of Papyrus stores in the US files for bankruptcy

Mark Fletcher
January 24th, 2020 · No Comments

In a further challenge to the Papyrus card brand, even though that falls under different ownership, the owner of the Papyrus greeting card shops in the US filed for bankruptcy over night.

Schurman Fine Papers files for protection from creditors, listing assets of as much as $50 million and liabilities of as much as $100 million.

  • Company affiliates include Papyruschain of stationary stores

  • Also operates or holds rights to the NIQUEA.D, Paper Destiny, Carlton Cards and American Greetings retail brands, per website

    • Schurman has said it will close all of its Papyrus stores, Retail Dive reportedlast week
  • The case is Schurman Fine Papers, 20-10135, U.S. Bankruptcy Court District of Delaware

 

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Category: Greeting Cards

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