106 PAPERCHASE'S branches are expected to close after Tesco agreed to buy the high-street stationery brand.
The deal did not include the chain's shops or workforce.
Paperchase hired administrators Begbies Traynor yesterday morning after it was unable to secure a rescue sale.
Tesco announced an arrangement to buy the brand and intellectual property from the insolvency specialist.
But the move means Paperchase stores are expected to shut, with hundreds of workers likely to face redundancy. It&nbsp;came following the ailing business failing to secure a buyer after being placed on the market by retail veteran owner Steve Curtis.
Paperchase also fell into administration two years ago, with the closure of 37 stores.
Jan Marchant, managing director of home and clothing at Tesco, said: "Paperchase is a well-loved brand by so many and we're proud to bring it to&nbsp;Tesco stores across the UK. We have been building out plans to bring more brands and inspiration to the ranges we currently offer and this will help us to take those plans further.
"We look forward to sharing more with our customers in due course."
TESCO chief exec Jason Tarry, inset, has announced a wide-ranging overhaul of its stores, which will affect 2,100 jobs.

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.