Paper Source

Paper Source, Inc.
Type	Private
Industry	Retail
Founded	Chicago, Illinois (1983)
Headquarters	Chicago, Illinois, U.S.
Number of locations	165+[1]
Owner	Investcorp
Website	www.papersource.com

Paper Source is a stationery and gift retailer based in Chicago, Illinois, that offers papers, custom invitations and announcements, gifts, greeting cards, gift wrap, paper craft kits, party supplies, and personalized stationery and stamps.[2]

Paper Source was founded by Susan Lindstrom in 1983 after a trip to Japan exposed her to refined stationery.[3] The first Paper Source store opened in Chicago's River North neighborhood to showcase handcrafted papers from around the world.[2] Lindstrom retired as Chief Creative Officer in 2009.

In 2007, 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. In 2013, Paper Source was sold to Investcorp.[4] In 2015, after opening their 100th store, Paper Source hired a new CEO, Winnie Park, and opened a large warehouse facility in Forest Park, IL.[5]

In March 2020, Paper Source acquired 30 stores from bankrupt stationery retailer Papyrus.[6] With this acquisition, Paper Source has over 165 stores.

Meghan Markle worked as a calligraphy instructor at the Beverly Hills branch of Paper Source from 2004-2005.[7]

References

"Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures". PR Newswire. 2 March 2020. Retrieved 2020-11-09.
"About Us | Paper Source". www.papersource.com. Retrieved 2015-12-16.
Hinton, Rachel (2017-08-21). "Paper Source founder Susan Lindstrom dead at 73". Chicago Sun-Times. Retrieved 2020-11-09.
Tiffany Hsu (September 24, 2013). "Paper Source stationery company sold by SoCal private equity firm". Los Angeles Times. Retrieved August 2, 2015.
"Paper Source unveils new digs—and a new CEO". Crain's Chicago Business. Retrieved 2015-12-16.
"Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures". PR Newswire. 2 March 2020. Retrieved 9 November 2020.
Hill, Erin (26 March 2018). "Inside Meghan Markle's Secret Part-Time Job That Explains Her Letter-Perfect Handwriting". People. Retrieved 2018-04-02.

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[1] "Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures". PR Newswire. 2 March 2020. Retrieved 2020-11-09.

[:1-2] "About Us | Paper Source". www.papersource.com. Retrieved 2015-12-16.

[3] Hinton, Rachel (2017-08-21). "Paper Source founder Susan Lindstrom dead at 73". Chicago Sun-Times. Retrieved 2020-11-09.

[:0-4] Tiffany Hsu (September 24, 2013). "Paper Source stationery company sold by SoCal private equity firm". Los Angeles Times. Retrieved August 2, 2015.

[chicagobusiness.com-5] "Paper Source unveils new digs—and a new CEO". Crain's Chicago Business. Retrieved 2015-12-16.

[6] "Paper Source Acquires 30 Papyrus Stores, Expanding Their Presence Amidst U.S. Retail Closures". PR Newswire. 2 March 2020. Retrieved 9 November 2020.

[7] Hill, Erin (26 March 2018). "Inside Meghan Markle's Secret Part-Time Job That Explains Her Letter-Perfect Handwriting". People. Retrieved 2018-04-02.