The Paperchase shop in Ringwood. THE stationery and greetings cards chain Paperchase is to be rescued in a deal which will save 90 of its 127 stores. Administrators have said around 1,000 jobs will be saved by the sale of the business, but 37 branches will close permanently. Staff are being consulted before the list of branch closures is revealed. In Hampshire, Paperchase has stores at Southampton’s Westquay Shopping Centre, Whiteley Shopping Centre, St George’s Street in Winchester and the Furlong in Ringwood. The chain, which called in administrators from PwC earlier this month, will be taken over by newly formed company Aspen Phoenix Newco, which is backed by Permira Debt Managers.