|
 |
|
|
 |
|
Sundance Catalog Company Hires New CEO
SALT LAKE CITY, UTAH—January 17, 2005—Robert Redford announced today that the Sundance Catalog Company has hired Stephen Gordon as its new CEO. Gordon resigned as Chairman of Restoration Hardware, the company he founded over 20 years ago and took public in 1998, to join Sundance. Gordon commented, “I am extremely excited about the opportunity at Sundance and am eager to help build upon its strong catalog business and well respected brand."
Don Steiner, Board Chairman of the Sundance Catalog and Managing Partner of Webster Capital, said, “We are fortunate to attract Stephen Gordon, a visionary merchant and proven entrepreneur. Stephen built Restoration Hardware from one to over 100 stores, and was instrumental in developing a large and thriving direct catalog and internet business. Restoration Hardware is slated to post revenues in the $500 million dollar range for the 2004 year."
The Sundance CEO position became available in July 2004 when an investor group led by Webster Capital and ACI Capital purchased the interest held by the former CEO and became Robert Redford's operating partners in Sundance's catalog and internet business. Kevin Penn, Sundance Catalog director and Managing Director of ACI Capital, said, “Stephen Gordon will help lead Sundance's already strong management team in achieving continued growth." Mr. Steiner added, “Stephen Gordon is one of those rare people who combines creative sensibility with sound judgment. I am confident that he will continue to build upon the heritage of the Sundance brand."
About Sundance Catalog Company:
Founded by Robert Redford in 1989, the Sundance Catalog Company is a pre-eminent lifestyle direct marketing firm. The Sundance Catalog provides its customers with unique products of exceptional quality and design, and is dedicated to the discovery of new artists and making their work available to a wider public. The company's catalogs and internet site sell a broad array of apparel and accessories, furniture, art, home décor, jewelry and other hand-crafted products inspired by the American West. More information on the Sundance Catalog can be found at www.sundancecatalog.com.
About Webster Capital:
Webster Capital is a private equity firm whose principals have over 60 years experience starting, building, managing and funding medium-sized businesses. Webster focuses on partnering with managers and owners of profitable branded companies with significant growth potential in the consumer and business services sectors. For more information, please visit www.webstercapital.com.
About ACI Capital:
ACI Capital is a private investment firm with nearly 50 years of history leading middle-market management buyouts and growth capital investments across a broad spectrum of industries throughout North America. ACI Capital makes equity investments in profitable, market leading public and private companies, partnering with management to increase the value of their businesses. For more information, please visit www.acicapital.com.
[Back]
|
|
|
|
