CHEERS FOR BRAVO: Rose Marie Bravo, chairman and chief executive officer of Burberry, has been elected to the board of Estée Lauder Cos. Leonard A. Lauder, Lauder chairman, said in a statement: “We’re very pleased. Her extensive experience and extraordinary accomplishments as a retail leader and a brand builder will be an asset to the company and its stockholders.” Her addition brings the number of board members to 10. Bravo, 52, joined Burberry in 1997 and is a member of the board of Burberry Limited. Prior to joining Burberry, Bravo was president of Saks Fifth Avenue from 1992 to 1997. From 1974 to 1992, she held positions of increasing responsibility at R.H. Macy and Co., culminating in her 1987 to 1992 tenure as chairman and ceo of the San Francisco-based specialty store, I. Magnin.
FERRAGAMO TO ATLANTA: Salvatore Ferragamo will open a boutique in Lenox Square mall in Atlanta next Tuesday. It’s the Italian luxury firm’s first store in the market, though the company does sell to such retailers as Neiman Marcus and Saks Fifth Avenue in the area. Designed by New York architects Janson Goldstein, the 2,000-square-foot space incorporates the new worldwide Ferragamo store concept, currently seen at Ferragamo stores in SoHo and in the Americana Manhasset shopping center. This summer, the company plans to open an American flagship on Fifth Avenue and 52nd Street. The Atlanta shop will feature natural walnut and stone contrasting with high tech Corian and metal, and suspended forms and fixtures. Ferragamo has 102 freestanding stores worldwide
COLUMBIA DEAL DONE: Outdoor apparel and footwear provider Columbia Sportswear Co. completed its acquisition of Mountain Hardwear Inc. for $30 million in cash and assumption of $6 million in debt. Mountain Hardwear will maintain its name and brand and operate as a stand-alone subsidiary of Columbia. Mountain Hardwear will continue to develop its presence in high-end specialty stores and will expand distribution internationally as well. The firm hopes the strategy will build sales to over $100 million in the next five years, according to ceo Tim Boyle. Based in Richmond, Calif., 10-year-old Mountain Hardwear designs and develops technology-driven equipment and apparel geared to the outdoor market. Last year, it recorded unaudited revenue of $31.4 million. On Jan. 30, Portland, Ore.-based Columbia reported 2002 revenue of $816 million.
This story first appeared in the April 3, 2003 issue of WWD. Subscribe Today.