Osbornes Stationers closes three shops after going into administration
A 200-year-old high street stationery chain that went into administration last month has shut three stores and begun closing down sales at 14 others.
Administrators for Osbornes Stationers, which is based in Birmingham, said it had sold off two shops, saving 10 jobs.
The stores in Oadby in Leicestershire and Newark in Nottinghamshire had been bought by Paperweights Ltd, they said.
Shops in Solihull in Warwickshire and Arnold and Sherwood in Nottinghamshire have been closed down.
The firm, which was established in 1832, employed 140 people when it called in administrators, FRP Advisory, in December.
They have not confirmed how many jobs have been lost so far.
Steven Stokes, partner at FRP Advisory, said: "Unfortunately further closures are inevitable in the new year."
The company's remaining branches include seven in Birmingham, two in Warwickshire, two in Leicestershire and outlets in Bristol, Tewkesbury, Worcester and Daventry.
Ongoing discussions may result in the sale of one of its stores in the Birmingham area, administrators said.