Papyrus Is Going Out Of Business

The fine stationery store Papyrus is going out of business. It’s parent company filed for Chapter 11 bankruptcy yesterday in a Delaware court. Tennessee company Schurman Fine Paper announced that it was closing all 254 stores and that more than one thousand of its employees would be losing their jobs. The company started in 1950 and began selling in retail stores in 1973 with its first location in Berkeley, California. At its height, it had more than 500 stores across four brands.