Several emails have landed on my desk the past few days asking if I knew what was going on with Kate’s Paperie. According to first hand sources, vendor appointments were cancelled last week, many without prior notice…even for those coming in from out of state. The reason given was the sudden departure of President Hans Parrado (previously Sales Manager for the multi-store retailer).
Do I see this as blood in the water? No. Angelica Berrie, the new owner since mid-December, is one very sharp, very savvy business owner who gets the job done.
Does this rattle a few folks nonetheless? Well, sure it does. Kate’s isn’t just a bunch of stores; it’s an institution that the entire industry looks to as royalty. What caused Parrado’s sudden departure remains unknown (as does the reason no one bothered to pick up a phone and head vendors off before they climbed on airplanes), but there’s undoubtedly an explanation.
Will keep you posted if something drifts my way.
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