SFP Franchise Corp. – Citing Retail Downturn and Dispute with American Greetings, Owner of Retail Stationery Chain “Papyrus” Files Chapter 11, Looks to Close 259 Stores by End of February

January 23, 2020 − SFP Franchise Corp. and one affiliated Debtor (d/b/a Schurman Fine Papers, together with SFP Franchise Corp. “Schurman” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10134. The Debtors, a stationery, greeting card, gifts, and paper products company based…