Have you seen this? Can you believe this? Found this
here at the Craft Industry Alliance and I just cut and pasted it here for you to see.
Free Spirit Fabrics will be shut down by parent company Coats.
A letter sent to designers today
Stephanie Leichtweis,
who became president of North American Crafts at Coats in October,
stated, “We have worked diligently for the past few years to make this a
successful part of the Coats Craft business here in North America. But
I am sorry to say that, despite our best efforts, we have continued to
struggle with an inherent weakness in the business model and have not
been able to demonstrate a profit.”
The letter goes on to say, “We will not be producing new Westminster or FreeSpirit Fabrics from today onwards.”
Orders placed to date for delivery prior to May 31 will be fulfilled.
It is unclear at this time what will happen to designers who are
currently under contract with Free Spirit some of whom are among the
biggest names in the quilting industry including Tula Pink, Kaffe
Fasset, Amy Butler, Anna Maria Horner, and Denyse Schmidt, among many
others. It’s also unclear at this time what will happen to the company
employees.
The full text of the letter is below. We will publish more information as it becomes available.
+++++
I wanted to make you aware that we are going to exit
our Lifestyle Fabrics business. This will take effect from Tuesday 1
May and includes our Westminster Fabrics/ Fibers, FreeSpirit brand and
designers.
We have worked diligently for the past few years to
make this a successful part of the Coats Craft business here in North
America. But I am sorry to say that, despite our best efforts, we have
continued to struggle with an inherent weakness in the business model
and have not been able to demonstrate a profit.
It also means we will be moving invoicing and customer
service functions supporting the thread and yarn businesses from Greer,
South Carolina to our Albany and Charlotte offices in North Carolina.
You will be provided with new contact details for this shortly and in the meantime your contact details for this will remain the same.
We will continue to fulfil orders placed to date for delivery prior to Thursday 31 May and new orders for existing collections on a first come first service basis. We will not be producing new Westminster or FreeSpirit Fabrics from today onwards.
Coats is particularly proud of its long association
supporting our customers and North America based crafters and
alternative options have been considered extremely carefully. We
believe that through making these difficult decisions we will create an
improved customer focused business for the future, from which you will
benefit, and I hope you will continue to work with us.
It is our intent to support you, our talented and dedicated artist, during this transition.
Yours sincerely,
Stephanie Leichtweis
President, North American Crafts
Cc: Keith Howard
I'm shocked at this news, to say the least. This company has some of the very best designers (imho) in the business and
they weren't able to make a profit. I know I had plenty of problems with them when I had my shop, but this is just really unbelievable.
I feel badly for the designers and anyone working there who was given no notice of this. This is life changing for people. I know it happens every day, but it just breaks my heart. The world is constantly changing and sometimes I just don't feel like going along for the ride. :(
Take care,
Started 2018 with UFO projects:
22
New YTD: 4
Gave away YTD:0
Trashed/dismantled YTD:
Sold unfinished UFOs YTD:0
Finished YTD: -3
So far 2018:
23