RADG Appoints Interim Management Team; Cathie Shouldis Named President
June 12, 2019
MIAMI BEACH—RADG Holdings LLC has appointed an interim management team to run the newly acquired Robert Allen and Duralee fabric business.
Cathie Shouldis has been appointed the president of the two brands. Shouldis comes out of the Costume Gallery and Art Stone business in Bristol, Pa.
She was named the president of Costume Gallery in May 2018 and has a background in the retail apparel business. She helped Integrate the acquired Art Stone company into one operation with Costume Gallery. She also says she executed a global sourcing strategy for both companies. Shouldis was unavailable for comment and no official announcement about her appointment has been made but a company source confirmed the appointment.
Costume Gallery and Holliston Mills are owned by holding companies controlled by Brant Enderle as is RADG Holdings LLC. Kevin Archbald, director of sales for Holliston, has been named sales director for RADG.
Lorraine Sharkey, also with Costume Gallery is the newly named merchandising head of RADG. Controller of the new acquisition is Enderle’s daughter, Kayla. Vendors say they are shipping goods to RADG on a cash-only basis. Seasoned observers wonder how long this can continue since an infusion of capital is required into the new business and paying for goods in advance reduces its flexibility.
One of the major problems experienced by former RADG management had to do with two computer systems that were unable to communicate with each other. That situation still exists.
RADG purchasing staff remains the same since this part of RADG remains intact. All other management personnel was terminated by Enderle on or about April 26, the time of the RADG acquisition. Tim Sunden, VP operations, left the company right after it was acquired.
Cathie Shouldis has been appointed the president of the two brands. Shouldis comes out of the Costume Gallery and Art Stone business in Bristol, Pa.
She was named the president of Costume Gallery in May 2018 and has a background in the retail apparel business. She helped Integrate the acquired Art Stone company into one operation with Costume Gallery. She also says she executed a global sourcing strategy for both companies. Shouldis was unavailable for comment and no official announcement about her appointment has been made but a company source confirmed the appointment.
Costume Gallery and Holliston Mills are owned by holding companies controlled by Brant Enderle as is RADG Holdings LLC. Kevin Archbald, director of sales for Holliston, has been named sales director for RADG.
Lorraine Sharkey, also with Costume Gallery is the newly named merchandising head of RADG. Controller of the new acquisition is Enderle’s daughter, Kayla. Vendors say they are shipping goods to RADG on a cash-only basis. Seasoned observers wonder how long this can continue since an infusion of capital is required into the new business and paying for goods in advance reduces its flexibility.
One of the major problems experienced by former RADG management had to do with two computer systems that were unable to communicate with each other. That situation still exists.
RADG purchasing staff remains the same since this part of RADG remains intact. All other management personnel was terminated by Enderle on or about April 26, the time of the RADG acquisition. Tim Sunden, VP operations, left the company right after it was acquired.
