Tesco, a food retailer, completed the acquisition of Paperchase, a stationery chain. Financial terms were not disclosed. "The joint administrators can confirm that the intellectual property and brand name owned by the company has been sold to Tesco Stores Limited. Unfortunately, despite a comprehensive sales process, no viable offers were received for the Company, or its business and assets, on a going concern basis. However, this sale reflects the interest in the well-known and established brand and will enable the brand to continue in Tesco stores across the UK," Paperchase.