Greeting cards and stationery retailer Papyrus filed for bankruptcy with a plan to close all its stores in the U.S. and Canada
Greeting cards and stationery retailer Papyrus filed for bankruptcy Thursday with a plan to close all its stores in the U.S. and Canada after it was unable to find a buyer to keep its stores and sister outlets, American Greetings, Carlton Cards and Paper Destiny, in business.
Schurman Fine Papers, which runs the greetings cards business, operates 254 retail stores and employs about 1,100 salaried and hourly workers in the U.S. The Tennessee-based business expects to finish store-closing sales by the end of February, according...
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