Gift chain seeks buyer in bankruptcy

The Paper Store filed Tuesday for Chapter 11 bankruptcy protection, with the Acton, Mass.-based gift chain aiming to line up a buyer by August to give it an infusion of capital to stock up on merchandise for the 2020 holiday shopping season, according to the Worcester Telegram. The Paper Store is based in Acton, Mass., and has area stores in Stamford, Norwalk, Branford, Brookfield, Fairfield, Milford, North Haven and Southbury. In addition to gift cards and ornaments, The Paper Store carries limited selections of home goods, jewelry, accessories and apparel.