# Paper Source > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Paper_Source > Markdown URL: https://mediated.wiki/source/Paper_Source.md > Source: https://en.wikipedia.org/wiki/Paper_Source > Source revision: 1357089514 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|American stationery and gift retailer}} {{Distinguish|The Paper Store LLC}} {{Infobox company | name = Paper Source, Inc. | logo = Paper-source-logo.png | type = [Private](/source/Privately_held_company) | industry = [Retail](/source/Retail) | founded = [Chicago, Illinois](/source/Chicago%2C_Illinois) (1983) | hq_location = 125 S Clark Street, [Chicago, Illinois](/source/Chicago%2C_Illinois) 60603 & 7801 Industrial Drive, [Forest Park, Illinois](/source/Forest_Park%2C_Illinois) 60130, U.S. | num_locations = 129{{Cite web|last=|first=|date=2 March 2020|title=Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures|url=https://www.prnewswire.com/news-releases/paper-source-acquires-30-papyrus-stores-expanding-their-presence-amidst-us-retail-closures-301014488.html|access-date=2020-11-09|website=PR Newswire|language=en}} | owner = [Elliott Management Corporation](/source/Elliott_Management_Corporation) | key_people = Jenica Myszkowski (CEO) | website = {{url|www.papersource.com}} }} thumb|A Paper Source store in Indianapolis, Indiana, in 2015. '''Paper Source''' is an American stationery and gift retailer based in [Chicago, Illinois](/source/Chicago%2C_Illinois), that offers papers, custom invitations and announcements, gifts, greeting cards, gift wrap, paper craft kits, party supplies, and personalized stationery and stamps.{{Cite web|title = About Us {{!}} Paper Source|url = http://www.papersource.com/about/|website = www.papersource.com|access-date = 2015-12-16}} Paper Source was founded by Susan Lindstrom in 1983 after a trip to Japan exposed her to refined [stationery](/source/stationery).{{Cite web|last=Hinton|first=Rachel|date=2017-08-21|title=Paper Source founder Susan Lindstrom dead at 73|url=https://chicago.suntimes.com/2017/8/21/18319026/paper-source-founder-susan-lindstrom-dead-at-73|access-date=2020-11-09|website=Chicago Sun-Times|language=en}} The first Paper Source store opened in Chicago's [River North](/source/River_North) neighborhood to showcase handcrafted papers from around the world. Lindstrom retired as Chief Creative Officer in 2009. == 2007 Sale to Brentwood Associates == In 2007, [Brentwood Associates](/source/Brentwood_Associates) purchased a majority stake in the company and Sally Pofcher was named CEO. Under Pofcher's leadership, the retailer grew from 20 stores to 100. == 2013 Sale to Investcorp == In 2013, Paper Source was sold to [Investcorp](/source/Investcorp).{{cite news|title = Paper Source stationery company sold by SoCal private equity firm|url = http://articles.latimes.com/2013/sep/24/business/la-fi-mo-paper-source-sale-20130924|archive-url = https://web.archive.org/web/20131103203944/http://articles.latimes.com/2013/sep/24/business/la-fi-mo-paper-source-sale-20130924|url-status = dead|archive-date = November 3, 2013|author = Tiffany Hsu|work = Los Angeles Times|date = September 24, 2013|access-date = August 2, 2015}} In 2015, after opening their 100th store, Paper Source hired a new CEO, Winnie Park,{{cite web |last1=Park |first1=Winnie |title=Chief Executive Officer |url=https://www.linkedin.com/in/winnie-park-b0a771105 |website=LinkedIn }} and opened a large warehouse facility in Forest Park, IL.{{Cite web|title = Paper Source unveils new digs—and a new CEO|url = http://www.chicagobusiness.com/article/20150909/NEWS07/150909844/paper-source-unveils-new-digs-and-a-new-ceo|website = Crain's Chicago Business| date=8 September 2015 |access-date = 2015-12-16}} In March 2020, Paper Source acquired 30 stores from bankrupt stationery retailer [Papyrus](/source/Papyrus_(company)).{{Cite web|last=|first=|date=2 March 2020|title=Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures|url=https://www.prnewswire.com/news-releases/paper-source-acquires-30-papyrus-stores-expanding-their-presence-amidst-us-retail-closures-301014488.html|access-date=9 November 2020|website=PR Newswire|language=en}} With this acquisition, Paper Source grew to over 165 stores. In March 2021, Paper Source filed for Chapter 11 bankruptcy.{{Cite web|last=Hill|first=Jeremy|date=2 March 2021|title=Paper Source Sets Sale to Apollo-Backed Lender in Bankruptcy|url=https://www.bloomberg.com/news/articles/2021-03-02/staionary-retailer-paper-source-files-for-bankruptcy-plans-sale|access-date=3 March 2021|website=Bloomberg|language=en}} == 2021 Sale to Barnes & Noble == On May 11, 2021, news sites started reporting that Paper Source had emerged from bankruptcy and sold to [Barnes & Noble](/source/Barnes_%26_Noble). The sale would save about 130 stores and 1,700 employees. Barnes & Noble CEO James Daunt will oversee both companies. While the two businesses plan to operate independently, it hinted at possible partnerships in the future.{{Cite web|last=El-Bawab|first=Nadine|date=2021-05-11|title=Barnes & Noble owner buys stationery retailer Paper Source out of bankruptcy|url=https://www.cnbc.com/2021/05/11/barnes-noble-owner-buys-stationery-retailer-paper-source-out-of-bankruptcy.html|access-date=2021-05-17|website=CNBC|language=en}} On June 25, 2021, James Daunt appointed Jenica Myszkowski CEO. She had previously served as the company's Chief Operating Officer. == Notable employees == [Meghan, Duchess of Sussex](/source/Meghan%2C_Duchess_of_Sussex), worked as a calligraphy instructor at the Beverly Hills branch of Paper Source from 2004 to 2005.{{Cite news|last=Hill|first=Erin|date=26 March 2018|title=Inside Meghan Markle's Secret Part-Time Job That Explains Her Letter-Perfect Handwriting|language=en|work=People|url=http://people.com/royals/meghan-markle-calligraphy-wedding-invitations/|access-date=2018-04-02}} ==References== {{Reflist}} Category:1983 establishments in Illinois Category:Retail companies established in 1983 Category:Arts and crafts retailers Category:Private equity portfolio companies Category:Retail companies of the United States Category:Companies based in Chicago Category:Companies that filed for Chapter 11 bankruptcy in 2021 {{US-retail-company-stub}} --- Adapted from the Wikipedia article [Paper Source](https://en.wikipedia.org/wiki/Paper_Source) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Paper_Source?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.